Enerray, subsidiary of SECI Energia, subholding of Maccaferri Group, just attended the Mexico Power Finance and Investment Summit, scheduled for June 28-30, at Affinia Hotel, Manhattan, New York City: main topic of this 3-days-long summit was the pivotal time of Mexico’s electricity market.
Within the end of 2016, Enerray will have 1 GWp of solar capacity installed globally, distributed across 12 countries, as well as an equivalent amount of O&M contracts. Thanks to these figures, Enerray is among leading solar installer in several countries, demonstrating its expertise in solar development: indeed, Enerray is building a 254 MWp solar farm in Brasil, the biggest in Latam, and additional over 100 MWp are under design.
Mexico is now at the beginning of a brand-new wholesale power market paradigm: the senate approved that by 2018 Mexico must generate 25% of its power from clean sources and in this way, Mexico plans 24 transmission and distribution projects and further 25.000 km of transmission lines over the next 15 years for a total investment amount of USD$ 13.4 billion. On January 2016 the operations of a new market era officially begun and this has been followed by the launch of the first-ever long-term electricity contract auctions.
Enerray established a complete Mexican structure for its commercialization, distribution, and technical operations in Mexico in 2014 also investing US$500,000 in a solar rooftop installation for its offices in Queretaro, which represents its first step as an EPC company in Mexico. Rooftop projects in commercial and industrial facilities currently dominate Enerray’s core business in the country also offering services for utility-scale solar parks.
In Mexico, part of its strategy consists in approaching international power producers that are willing to enter the market, offering them its EPC services: an almost 100 MWp’s MOU has been signed and the construction is scheduled by December 2016. In Mexico, Enerray has developed several projects, which are already running successfully: among others there is the solar installation developed for Cinépolis, one of the largest cinema chains in Mexico.
This project was particularly intensive and required a highly-complex engineering proposal: 300 KWp with a production capacity of 526 MWh of clean energy per year, avoiding carbon emissions of 296 tons/year. This project, meaningful in terms of savings related to electric power, can be replied in other cinemas and entertainment structures as well.
Considering the new regulations and new opportunities, Mexico is surely an interesting market for any player in the industry and for investors as well.