Mexico is an Attractive Country for Renewable EnergiesBy Antonio Trujillo | Fri, 09/17/2021 - 10:34
The energy sector in Mexico, Latin America’s second largest economy, is one of the quickest in adapting and transitioning to solar power in the region.
Annual growth figures are promising for the North American country, for “distributed generation,” a type of power generation that focuses on small, close-to-the-user sources used to generate electricity, could increase its installed capacity threefold in the next five years, according to figures from Ginlong Solis, one of the most prominent solar inverters manufacturers in the world. The company endorsed its commitment to expand the country’s solar energy market during their participation in the World Sustainability Week.
Ginlong´s Latin America Service Manager Sergio Rodríguez, plans on achieving this by promoting the adoption of photovoltaic systems in distributed generation, solar energy storage, by means of introducing machinery for solar parks throughout the country, and utilizing this expo to present their latest technologies. In 2020 alone, sales were up 20 percent, and 2021 is poised to repeat these numbers. In all, with 1.5GW of installed capacity so far, Mexico has a bright future in distributed generation.
Other companies, like Cox Energy America, are convinced of Mexico’s potential for renewable energies, as revealed by Enrique González, Executive VP of Investor Relations, in an interview for MBN. Mexico and Latin America in general, he said, are at the same stage Europe was five years ago in regards to a “renewable energy boom.” Though he recognized other countries are bureaucratic and systematically more prepared for this transition, Mexico was chosen nonetheless. “We are paving the way for what we believe is going to be a great future. We know that there is no turning back and that renewable energies are here to stay,” he said.
Some others are installing solar panels in their various manufacturing facilities in order to reduce their carbon footprint and cut production costs, as is the case with IGSA, as revealed by Adolfo Borja, Director of Energy, in an interview for MBN. “Overall, this has allowed us to generate energy that is substantially more efficient and cleaner for the environment in comparison to other market producers,” he commented.
Similar solar projects have been popping up across the territory, including ErgoSolar’s project in Puebla, aimed at generating up to 54 percent of the host company’s energy (the project alone will save over 11 thousand trees from being cut down and avoid expelling over 300 tons of CO2 to the Earth’s atmosphere), and ASELUS’ breakthrough, which is creating a backpack from nopal skin that allows users to charge their phones and other electronic devices through a solar panel installed in the body of the product.