At the tip of the Baja California Sur peninsular, La Paz is one
of the sunniest spots in Mexico. It is also a location that
calls out for a large-scale solar power operation.
Power and Renewables Mexico: Into the light
As wind power moves into the Mexican mainstream, solar and hydro projects prep for their moment in the sun
Aura Solar is set to be just that: Mexico’s
biggest ever photovoltaic plant. It will produce 30 megawatts
– enough to supply 164,000 residents, or roughly
two-thirds of the town.
In May, local developer Gauss Energía booked the
necessary $75 million financing to get the Aura Solar power
generation project started on the site: Nacional Financiera
chipped in $50 million and the International Finance
Corporation, $25 million.
"The Aura Solar project is in a privileged position to tear
down barriers and myths around solar development in
Mexico," says the company’s CEO and president
Regulations are in place to facilitate solar energy growth,
and the projects have a short development cycle, giving
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.