Mexico

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.

The tracker maker claims its product reduces the need for motors.

The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.

Mexican solar module manufacturer Solarever has switched on the production lines of its manufacturing facility in Tecomán, in the state of Colima.

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

Since President Andrés Manuel López Obrador’s election at the end of 2018, renewable energy in Mexico has faced an uncertain regulatory environment. The current government is focused on restoring the power and influence of Mexico’s state-owned energy companies. But it is now at a crossroads, as the previous administration aimed to open the segment up to foreign investment. Maria Chea of IHS Markit examines the policy decisions the government has taken this year and how these have soured private investor sentiment. These changes will likely weigh on utility-scale PV procurement in the country through 2024.

It has already been a complicated year in terms of private investments in Mexico’s energy sector. And for solar, a lack of policy certainty and a government supportive of the fossil fuels industry are serving to further muddy the waters for projects already in development, while putting the brakes on any new plans.

With the government having already introduced measures which will reduce the volume of renewables in the national energy mix, further new provisions will restrict the deployment of energy storage and the ability of solar energy generators to sell excess power to nearby consumers.