Mexico leads in renewable energy private PPAs in Latin America and Dhamma Energy is one of the largest solar developers of corporate solar projects in the country.
Renewable energy corporate PPAs keep on growing around the world. According to BNEF, procurement more than doubled last year to 13.4 GW up from 6.1 GW the year before, with the US accounting for more than 60 percent of the total world growth last year.
Corporate procurement is becoming more and more attractive for companies in order to reduce their electricity costs and to have climate friendly supply. Moreover several markets have deployed supportive regulation for corporate projects.
BNEF notes that one of the countries where clean energy corporate PPAs grew last year is Mexico. Indeed Mexico is one of the largest markets for corporate renewable energy in Latin America.
Currently, several hundreds Megawatts of corporate solar parks are under construction in Mexico. Corporate solar parks could reach 1 GW this year and account for around a quarter of the solar parks in the country.
Dhamma Energy is one of the largest developers of corporate solar in Mexico. To date Dhamma Energy has developed and sold 275 MW of corporate solar projects that are expected to go online this year.
According to Asolmex, installed capacity of solar parks reached 2.5 GW last year in Mexico -mainly projects awarded in national auctions and projects with corporate procurement under the regulation before the energy reform.
This year, installed capacity of solar parks under different regulations could reach 4 GW in Mexico.
Dhamma Energy entered the Mexican market in 2013 and over the last years has developed projects under different regulations. Currently, Dhamma Energy holds a pipeline of projects of over 1 GW in Mexico.