Photovoltaic system: one of the solutions to boost investment in Mexico.

The photovoltaic system represents a cost-effective clean energy generation option that can free up resources for purchasing conventional electricity dependent on traditional sources. Find out why this is an investment option in Mexico.

Photovoltaic system one of the solutions to boost investment in Mexico

The photovoltaic system produces electrical energy from sunlight, and its main advantage is that its source is renewable and inexhaustible. In Mexico, photovoltaic systems have become some of the best solutions to boost investment. Thanks to its geographical conditions, Mexico is privileged, and its solar power is supported by an average irradiance of 5.5 kWh/m2, equivalent to approximately five times the value recorded in Germany. Thanks to this factor, the solar sector impulsed investments in the country for almost 10 billion dollars between 2017 and 2022. However, although it boosted investments, considering the regulatory context, there are other solutions to encourage investment in the country.  Additionally, Mexico currently has 63 power plants that use photovoltaic technology. 

 

As expected, this type of system is used in several countries worldwide, the main ones being China, the United States, Jordan, India, Latin America, Chile, Mexico, Brazil, and Argentina. In the Mexican market, the use of solar energy is primarily located in the north of Mexico (Sonora, Chihuahua, Chiapas, Tijuana, Nuevo León, Yucatán, Sinaloa, Baja California, and the State of Mexico), since it is estimated that the solar radiation in that area has such a high level that it generates an alternative source of energy. 

How does it benefit the Mexican market?

The Mexican market will benefit from using alternative systems because, as we have already mentioned, thanks to its geographical location and climatological characteristics, it is on track to be the seventh-largest market for energy from sunlight in the world in the coming years. This action will benefit the environment and allow the industry to have various solutions for its energy needs. In addition, it will promote an increase in employment since it is estimated that each megawatt of solar energy generates 20 direct jobs thanks to the workforce necessary for its implementation and maintenance. 

 

Although these projections seem to be very promising and that the use of solar energy has shown the highest growth rates in recent years, it is estimated that the use of photovoltaic systems is still deficient compared to the use of traditional energy, i.e., it represents only 0.12% of the total gross domestic energy supply, however, in research published by the Technological Institute of Tlalnepantla ITTLA. Mexico City (2020) states, "One of the Mexican government's goals is to produce 50% of electricity by clean energy sources by the middle of the century. Therefore, by 2024, it should generate 35% of electricity from clean energy sources."

General Benefits of Using Photovoltaic Systems

As we have mentioned, the use of photovoltaic systems is of utmost importance, understanding that fossil energies are scarce and finite and that, for example, in one hour, the sun radiates enough solar energy to cover a human's energy consumption for a year. Considering this fact and the geographical and climatic conditions of Mexico makes us think about the great opportunities we have as a country and the imperative need to take advantage of solar energy for photovoltaic systems.

Society will benefit from the implementation and use of photovoltaic systems (industry, commerce, and households) because:

  • You save money by not having to pay the prices of current electricity bills, or failing that, working in a mixed system between traditional energy and alternative energies to reduce costs

  • Maintenance of photovoltaic systems is deficient 

  • The parts that make it up have a very long service life 

  • Direct power generation can be achieved thanks to photovoltaic solar energy panels producing electricity directly. 

  • Avoid noise pollution, as photovoltaic systems do not produce any noise. This can be ideal in both residential and industrial areas. 

Undoubtedly, if the possibilities of implementing and using photovoltaic systems continue to expand in Mexico, we will soon see favorable economic growth and, in general, a decrease in greenhouse gases.

Source consulted
 

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