Elon Musk Just Added Mexico to His Solar Power Map Rob Wile - Fusion
go to original August 8, 2015

Elon Musk Adds Mexico to Solar Map (wochit News)

SolarCity, the California-based solar energy company chaired by Elon Musk and run by his cousins, is the largest single installer of U.S. residential solar power systems in the U.S., owning 34 percent of the market in 2014 according to GTM Research.

So it’s kind of a big deal that the company just entered the largest solar market in Latin America, Mexico.

This week, SolarCity announced they’d purchased Mexico’s ILIOSS, a company that specializes in installing solar on commercial and industrial projects.

Mexico is a good place to be for solar companies these days. Electricity demand there is increasing, and electricity prices remain high, meaning solar can be competitive with fossil fuels. SolarCity projects that commercial and industrial solar deployment in Mexico will climb “more than 1,000 percent” through 2020, citing GTM Research data.

“Mexico’s combination of high electricity rates, favorable solar economics and massive solar resources makes it one of the most promising solar markets in the world,” SolarCity said in a release.

Read the rest at Fusion

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