With its world-class solar resource and location, Mexico is a major candidate for solar energy development: with an average solar radiation around 5.8 kWh/m2 per day, it receives twice as much solar resource as Germany, for example. Despite this privileged resource, the ground-mounted photovoltaic capacity in the country is only about 6 megawatts. This implies a huge untapped potential, amidst the increasing cost of energy in the country and the exceptional regulatory framework for renewable energy.
Invited Contributor: Hector Olea authored this piece exclusively for The Review. He is CEO of Gauss Energia, a firm specialized in Mexico’s energy sector. From 1995 to 2000 Hector was Chairman of the Mexican Energy Regulatory Commission (CRE).