UK solar developer Hive Energy opens office in Mexico

Jan 11, 2016 18:22 CET by Plamena Tisheva

January 11 – British solar company Hive Energy on Monday said it has opened an office in Mexico City, moving into Mexico’s unsubsidised solar energy market.

The company is looking to identify opportunities for the development of photovoltaic (PV) projects in Mexico and the wider Central America region both through private power purchase agreements (PPA) and future public auctions. The focus is on utility-scale and commercial rooftop installations. Bernardo Fernandez has been appointed director of business development and project management in the region.

Hive Energy says that Mexico offers favourable economic, political and environmental conditions for renewable energy and that while solar power in the country is relatively untapped, there is large potential. “High electricity prices from traditional sources mean that there is a huge opportunity for solar PV development and renewable energy supply in the country,” said Fernandez.

Mexico’s governing energy body, the Secretaria de Energia (SENER), forecasts that the small independent power producer (IPP) and self-supply scheme will play a big role in increased renewable generation in the near future and that Mexico should have 6 GW of solar by 2020, according to the announcement.

The company has already announced the opening of offices in the Middle East and Turkey as part of its international expansion.

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