By [email protected] In April, Mexican firm Fortius opened the 8-megawatt Jalisco I solar plant, making it the first merchant solar plant in Mexico in the wake of the country’s market reforms. It is now planning a second similar project.
It was a groundbreaking development. But it’s too early say whether merchant PV is going to take off in Mexico.
With record-low solar prices in last year’s auctions and investor confidence rattled by currency depreciation, such projects appear to be high-risk.
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