Investment Properties Mexico
Toll Free USA/Canada (866) 751-7955
 

Read. Learn. Invest. Grow

Baja Sun Energy to Invest $500 Million in Mexico

13 September, 2012

Baha Sun Energy SRL announced this
month that it plans to invest more than $500 million USD in a solar-panel
factory and energy farm located just west of Baja California's Mexicali
community. The new plant,which is backed heavily by Taiwan,will sell power to
both the US and Mexico and will be under construction by November of 2011.

The new project will be the first of
its kind in Mexico to integrate the manufacture of solar cells with the
production of usable energy,according to David Tenney,who is the chief
financial officer for the Silicon Border CleanTECH Park where the new plant
will reside. The facility will initially require a $60 million investment to
create a 10-megawatt solar farm,which will eventually expand to a $500 million
investment and the capacity to generate more than 100 megawatts of energy.

“Mexico has more sunshine per capita
than most countries in the world,” said Baja California governor Jose Guadalupe
Osuna Millan. “Mexico can be one of the world's largest players in this process
given our cost and location advantages.”

“It's one of the most favorable
climates for producing solar power,” shared Tenney of Baja's sunny landscape.
“The financial crisis really put a stop on a great percentage of renewable
energy investments. We're feeling like we're in a great position.”

Tenney went on to discuss the excellent
strategic location near three cross-border transmission lines near Baja
California's La Rosita switch and the low cost and high skill level of the
labor force in Mexico as compared to other countries,even China. In addition,
the California utility companies are currently facing strong pressure to shift
their energy to more renewable options,such as wind,solar and geothermal
technology. In fact,a piece of recently signed legislation requires that
one-third of the retail sales of electricity in the state come from renewables
by the year 2020,which is one of the strictest mandates in the entire US.

Baha Sun Energy SRL announced this
month that it plans to invest more than $500 million USD in a solar-panel
factory and energy farm located just west of Baja California's Mexicali
community. The new plant,which is backed heavily by Taiwan,will sell power to
both the US and Mexico and will be under construction by November of 2011.

 

The new project will be the first of
its kind in Mexico to integrate the manufacture of solar cells with the
production of usable energy,according to David Tenney,who is the chief
financial officer for the Silicon Border CleanTECH Park where the new plant
will reside. The facility will initially require a $60 million investment to
create a 10-megawatt solar farm,which will eventually expand to a $500 million
investment and the capacity to generate more than 100 megawatts of energy.

 

“Mexico has more sunshine per capita
than most countries in the world,” said Baja California governor Jose Guadalupe
Osuna Millan. “Mexico can be one of the world's largest players in this process
given our cost and location advantages.”

 

“It's one of the most favorable
climates for producing solar power,” shared Tenney of Baja's sunny landscape.
“The financial crisis really put a stop on a great percentage of renewable
energy investments. We're feeling like we're in a great position.”

 

Tenney went on to discuss the excellent
strategic location near three cross-border transmission lines near Baja
California's La Rosita switch and the low cost and high skill level of the
labor force in Mexico as compared to other countries,even China. In addition,
the California utility companies are currently facing strong pressure to shift
their energy to more renewable options,such as wind,solar and geothermal
technology. In fact,a piece of recently signed legislation requires that
one-third of the retail sales of electricity in the state come from renewables
by the year 2020,which is one of the strictest mandates in the entire US.

Like this story? Like Investment Properties Mexico on Facebook.

Comments