A Sunny Future for Mexico

by PRNEWSWIRE

Few countries have more potential for solar power than Mexico. However, the country’s solar energy sector has yet to evolve beyond its infancy.

The scorching hot Sonora Desert in Northern Mexico isn’t exactly a hospitable place for human beings, but some consider it a goldmine. According to experts, a mere 25 square kilometers could provide enough solar energy to supply Mexico’s 114 million inhabitants with electricity.

Mexico is the perfect place to invest in solar energy; Global Horizontal Irradiation (GHI) averages approximately 5 kWh/m2/day. In fact, a June 2009 GTZ report indicated that 0,06% of Mexico’s national territory would be sufficient to generate the entire electricity consumption of the country.

Moreover, Mexico has an open economy, which has shown remarkable resilience despite a severe backlash from the international crisis in 2009. Growth amounted to 3,8% last year, with similar figures expected for 2013. Its geographical advantage as the United States’ nextdoor neighbor and its plethora of free trade agreements attract investors from across the globe.

Read more: A Sunny Future for Mexico — Urban Times.

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