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Solar The International Energy Agency reported in 2020 that solar energy is considered the cheapest form of energy in history, especially for new world power plants. Considering Mexico’s solar irradiance potential, the levelized cost of energy associated with solar technologies continues to decrease. Since solar energy has provided energy at low costs on the utility-scale, it is no surprise that smaller projects and solar distributed generation continue to showcase solar’s credentials. Now that the viability of battery storage continues to grow, along with other beneficial technology such as inverters, behind-the-meter and smaller capacity solar solutions will see an increasing interest from commercial and industrial clientele as well. For companies feeling the slowdown in utility-scale development, these new developments offer interesting new avenues. The following chapter addresses the challenges Mexico’s solar sector is facing and also highlights some of the key recent developments in the area. Crucial frontrunners in Mexico’s solar industry share their opinions and insights.
