PV Soriana

Published on April 8th, 2014 | by Zachary Shahan

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Latin America’s Largest Distributed Solar Development Will Be Unsubsidized

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April 8th, 2014 by Zachary Shahan
 

SorianaTiendas Soriana, which is apparently Mexico’s second-largest retailer, is embarking on Latin America’s largest distributed (rooftop solar) development project.

Mexico is a hot solar market, as is Latin America as a whole. Mexico’s tremendous solar resources combined with record-low solar prices have opened the doors to strong solar growth in the country. This 31-megawatt (MW) solar project will be “completely unsubsidized and market-driven.” It will put solar panels on the roofs of 120 of Soriana’s 600+ stores. The projects will use Hanwha Q CELLS, and Hanwha Q CELLS is an equity investor. Hanwha Q CELLS reportedly has a strong pipeline of other distributed solar projects in Latin America as well.

Soriana’s solar projects are projected to cut the company’s energy bills, and locking in electricity from these solar roofs will protect the company against rising energy prices.

Construction company ILIOSS will install the rooftop solar systems and carport solar systems in Soriana’s stores in Mexico City and the states of Mexico, Jalisco, Querétaro, and 12 others.

“Solar power makes strong economic sense for many large retail and industrial energy users in Mexico, even without any government subsidies,” said Alejo Lopez, Hanwha Q CELLS Country Manager for Mexico.

“With great solar resources and a positive investment outlook, Mexico is a prime growth market for Hanwha Q CELLS,” said Moon Hwan Cha, Hanwha Q CELLS USA President. “The robust financial standing of the Hanwha Group allows Hanwha Q CELLS to establish long-term partnerships with customers in key markets like Mexico and other emerging markets in Latin America.”

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



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