Is Mexico a good market for solar PV?

Moreover, Mexico has emerged as one of the top markets for solar PV in recent years, owing to its aggressive deployment of solar PV plants that were awarded in the first three long-term auctions (LTAs) during 2015-2018. The country touched the GW mark in 2018 for the first time, with 2.7 GW newly installed capacity in the same year.

Which countries have great solar photovoltaic energy potential?

This paper gives an overview of energy policies and the potential of solar photovoltaic energy in two countries: Germany, a world leader in the generation and development of photovoltaic technology; and Mexico, a country with great solar photovoltaic potential.

Does Mexico have a solar energy sector?

Mexico is also supporting its solar operations with the development of several solar energy plants that include lithium-ion battery storage facilities. However, the sector still faces some restrictions such as a lack of land for solar operations.

What is the solar energy potential in Mexico?

Solar energy potential in Mexico Mexico has an average solar radiation of 5 kWh/m 2 /day, and in some parts of the country it reaches 6 kWh/m 2 /day . This is high compared to other countries; for instance, the average solar radiation of Germany is 3.2 kWh/m 2 /day .

Should Mexico switch to solar energy?

Even though Mexico's photovoltaic industry is behind some developed countries, such as Germany, future market and energy trends are showing an increasing and almost compulsory switch to using solar technologies for energy generation.

Are solar panels made in Mexico?

Solar panels are the only element of the value chain that is manufactured in Mexico, but there is an untapped opportunity to locally produce other components that are involved in this process. “Elements like glass, aluminum and some electrical components in the junction box and ribbons could be manufactured in the country.