The Mexican telecommunication giant, which is owned by Mexico’s richest man, Carlos Slim, has begun offering solar panels to its clients paying high energy bills.
Last year saw record levels of global solar tracker shipments, reports GTM Research. It forecasts even bigger growth in 2018, despite continued consolidation. NEXTracker held on to the top spot once again, while Latin America became the biggest market.
The renewable energy unit of the Brazilian power distributor, CPFL Energia is the largest shareholder in the country’s distributed solar energy business. The Initial Public Offering (IPO) from the Chinese utility, however, has been deemed too low by the Brazilian securities market authority.
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
The $110 million project is expected to generate 220 GWh per year.
Mexico is set to become the largest solar PV market in Latin America, with around 2 GW of installs expected annually. Political and regulatory uncertainty do not appear to be affecting investor interest, with more opportunities than challenges present. pv magazine attended GTM Research’s Solar Summit Mexico last week to report on the latest developments in the Mexican market.
The U.S. government’s Overseas Private Investment Corporation (OPIC) increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.
The Swiss-headquartered power electronics firm will install a 230 kV digitally enable substation and connection bay at Brazil’s Juazeiro II substation, which will eventually deliver power from a 156 MW solar plant. 2017 full year financials reveal transitional year for firm.
The solar complex, Puerto Libertad will be located in the state of Sonora. The project’s completion is scheduled for the fourth quarter of this year.
Although official statistics report that grid-connected PV capacity reached 1.82 GW as of the end of December 2017, the completion of two large-scale projects totaling 215 MW in early January has raised Chile’s total installed power to around 2.04 GW.
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