Will Merchant Solar Gain a Foothold in Mexico?

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.

Unlike utility-scale plants anchored by long-term power-purchase agreements, merchant solar plants sell electricity into the wholesale market, and require reliability of demand and definition of

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