Located in the central part of the Latin American country, these three PV projects now have in place the lion’s share of the permits required for their construction. Dhamma expects to reach the shovel-ready status by mid-2020.
The company sees the Mexican renewables market with good eyes due to the drop in the price of solar energy, the increase of demand for electricity and the country’s need to shift its energy mix towards renewable energy, co-founder Philippe Esposito added.
Currently, Dhamma Energy has 2 GWp of solar projects at different stages of development in the Mexican market, with 470 MWp fully developed. Most of the projects should become operational in 2019 and 2020, the company noted.