World : Mexico’s Solar Market Opens to Foreign Investors

Specialist firms are helping overcome barriers to investment, particularly in distributed PV.

Mexico’s growing solar market is gradually opening up to foreign backers as specialist funds work out how to de-risk investments.

DG Energy Capital, a joint venture between Shanghai Ventures and Caaapital [sic], for example, is seeing growing interest from international financiers after developing a low-risk investment fund specifically for the Mexican distributed solar sector.

While utility-scale projects have often been funded off-balance-sheet by international players, the distributed solar sector has seen “a lot of volatility for foreign investors, so you have few foreign investors coming in,” said Franco Capurro, CEO of Caaapital.

"A lot of them want to,” he said. “We’ve been approached by many.”


Source :

Smart Grid Bulletin July 2019

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