Bloomberg News

Siliken in Talks to Develop Mexico’s Largest Solar Park

October 14, 2011

Oct. 14 (Bloomberg) -- Siliken SA, a Spanish solar park developer and panel maker, plans to build a $300 million photovoltaic plant in the northern state of Durango that would be Mexico’s largest.

The company has signed a 30-year land lease for the 100- megawatt solar park in Canatlan and is talking to local companies interested in buying its electricity, Siliken spokeswoman Izaskun Goya said today. The project, which would be built in four phases from mid-2012, has the support of the state government and could get permits in five months, she said.

Spanish solar companies are pioneering the development of projects in Latin America as they strive to open new markets after demand in the country tumbled in late 2009 due to policy changes. In early 2010, OPDE Group said it aimed to develop 45 megawatts in solar parks in Durango and T-Solar Global SA won a tender to build 80 megawatts in Peru.

Mexico has 1.2 megawatts of solar capacity in operation and about 60 megawatts under development, Bloomberg New Energy Finance data shows.

As the country does not offer European-style guaranteed premium rates for solar power, Siliken is looking for companies or institutions to buy the energy. Aguas de Durango, a local water utility, is likely to buy the equivalent of 30 megawatts in capacity, Goya said by phone.

The panels for the company’s first project in Latin America will be provided by its manufacturing plant in Tijuana, northern Mexico, which opened in May. Valencia-based Siliken has four other assembly plants in Spain, Ontario and Romania.

--Editors: Randall Hackley, Alex Devine

To contact the reporter on this story: Marc Roca in London at mroca6@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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