Mexico

Solarever, a Mexican PV module manufacturer, is aiming for 1 GW of production capacity and plans to list shares on the New York Stock Exchange, as it expands into the storage and electric-vehicle markets.

Researchers in Mexico have looked at integrating hydrogen-based power-to-gas-to-power into an existing rural microgrid. They said this solution could become competitive if electrolyzer, fuel cell and hydrogen tank costs are halved, or if diesel prices keep rising.

Mexico’s largest solar event will take place from 9 to 11 November in Mexico City. The organizers presented the conference program in an online press conference.

The Singapore-based manufacturer operates two factories in the Baja California state bordering the United States and the entire output of the facility in Mexicali will be shipped exclusively to the US market. Furthermore, the company’s chief revenue officer, Mark Babcock, told pv magazine that a manufacturing facility is also being considered in the US.

With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.

The latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.

The Mexican authorities are overseeing the development of a $2 billion PV project as part of a modernization plan involving the country’s state-owned utility, CFE.

Canadian Solar is pivoting towards energy storage and is preparing to IPO its manufacturing and Chinese solar project activity in China, under the CSI Solar operation, by July.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.