GWS Technologies has begun selecting German technology partners for the development of alternative energy installations and facilities in Mexico and Central America.
“There is currently significant volatility in the global photovoltaic market, as Germany and other major European countries have slashed their feed-in tariffs for solar power, while facing increased competition from Chinese solar panel manufacturers,” said GWS Technologies chairman Eric Johnson.
Johnson believes that these FiT cuts provide an opportunity to introduce alternative technologies – such as concentrated solar power (CSP) – from Germany to the Mexican and Central American markets. “German firms are on the cutting edge of this emerging technology and have begun investing in this growing market,” he added.
Currently, Mexico has almost no CSP production due to lack of credit and effective financial incentives. However, the new Renewable Energy and Energy Transition Financing Law (known by the Spanish acronym LAERFTE) could increase the amount of CSP in the country.
The legislation calls for a national framework to finance and regulate the renewables market. It also consolidates a series of existing fiscal, financial and contractual incentives for renewable technologies.