Power and Renewables Mexico: Into the light

Jun 28, 2013

As wind power moves into the Mexican mainstream, solar and hydro projects prep for their moment in the sun

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.

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 Héctor Olea.

Regulations are in place to facilitate solar energy growth, and the projects have a short development cycle, giving them...

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