MEXICO: BID INVEST will accelerate the deployment of more than 2,500 residential solar rooftop power systems

GO ECO GREEN21

ENERGIA LIMPIA XXI. Sun is shining over the rooftops of Mexico. IDB Invest, a member of the IDB Group, provided financing in Mexican pesos for the equivalent of $15 million to Bright Mexico Solar Holdings II, a subsidiary of Bright Exchange SAPI de CV (Bright), to develop a portfolio of residential photovoltaic solar energy projects. The deal will support the growth of the distributed solar generation market in Mexico with Bright, the leading residential solar company in the country. Energía Limpia XXI magazine states that according to a BID Invest report the financing will help to accelerate the deployment of a portfolio of more than 2,500 residential solar rooftop power systems, with a generation capacity of over 8MW and producing zero emissions. It is expected that approximately 175 GWh of clean energy will be supplied to the power grid and will displace the equivalent of approximately 5,700 tons of carbon…

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