A housing project in Guadalajara is going solar with help from Mississippi’s Solar America Corp., an innovator in the cost-saving technology. Mexico leads Latin America in solar energy production but analysts say the country has yet to exploit its full potential. More solar power generation in Mexico will free up its oil output for exports and save the state precious resources that are currently spent on producing non-renewal energy.
Industry analysts say Mexico can combine solar power with wind energy production to get the best results from its existing potential of the two natural resources. The latest solar energy deal takes development of the resource a few steps forward. Solar America Corp. said Monday it signed a memorandum of understanding with Valdez Cueva Constructores Asociados S.A. de C.V., the principal contractor for the housing project.