Three Massachusetts companies, The Vertex Companies, Inc., Panel Claw and Solectria, and two Mexican partners, Constructora e Inmobiliaria Zacatecana and Grupos Domos,will partner on ZacSol, a 30-megawatt solar electric project that will be among the largest of its kind in Latin America.
The VERTEX Companies, Inc., of Weymouth, is leading the environmental permitting and construction management of the project, while North Andover-based Panel Claw is slated to supply the ground-mounting system and Lawrence-based Solectria Renewables the solar inverters. The Mexican partners for the project include Constructora e Inmobiliaria Zacatecana and Grupos Domos. After the final approval for the project, the Federal Electricity Commission of Mexico will purchase the electricity generated by the system, which will be one of the 10 largest in Latin America.
The 30 MW ZacSol 1 project is the first phase of up to 90 MW that will be installed near the municipality of Guadalupe over the next several years. With an estimated $92 million investment in Zacatecas that will create approximately 400 construction and operational jobs, this first phase represents a significant step forward for Mexico in realizing their solar potential.
Mexico has progressive renewable energy policies, high fossil-based electricity prices, and the third highest solar insolation in the world. According to the Inter-American Development Bank, Mexico has a potential for 45 GW of solar energy. SENER, Mexico’s Energy Department, recently reported that solar PV projects are profitable without government subsidies with Northern and Central Mexican projects typically breaking even after only two years.
Massachusetts and Mexico have the potential to develop more bi-national partnerships such as ZacSol. In 2013, Mexico was Massachusetts’ third ranked import partner, with Massachusetts importing approximately $3.37 billion worth of goods and services. Mexico was Massachusetts’ third ranked export partner, with Massachusetts exporting approximately $1.86 billion worth of goods and services.
Source: VERTEX Companies, Governor Deval Patrick’s Office
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.