Analysts and developers alike have been saying that Mexico will be the next biggest solar market for years now. But according to GTM Research’s Manan Parikh, the time is finally approaching for solar to ‘take-off’ in Mexico.
French renewable energy giant Engie has signed an agreement for a 30% equity investment through capital increase in Unisun Energy Group, a Chinese solar PV company.
French energy group ENGIE has signed a partnership agreement with Sime Darby, a Malaysian multinational for the co-development of solar and integrated facilities management services.
Mexico's SENER forecasts massive solar growth, with a 20-fold increase totalling 5.4GW by the end of 2019. In Spain, the long-anticipated renewable energy auction is given a confirmation for the first quarter of this year. Over in Chile, solar energy is being used to power the Santiago metro, through SunPower's El Pelícano project.