ReneSola Ltd. Expands into Canada , Mexico - Global Trade Magazine
  December 15th, 2014 | Written by

ReneSola Ltd. Expands into Canada , Mexico

San Francisco, CA – Solar photovoltaic technology developer ReneSola Ltd.has expanded its North American operations with new offices and warehouse facilities in Mexico City, Mexico and Mississauga, Ontario in Canada.

Mexico expects to generate 35 percent of its energy from renewable sources by 2024. In 2012, only 4 percent of the country’s electricity was generated from wind, solar and geothermal sources.

The Mexican government is anticipating enormous increases in solar and wind power capacity for 2018, with the solar market’s installed base expected to quadruple from 60 megawatts to 240 megawatts by the end of this year.

Canada’s photovoltaic market is mainly concentrated in Ontario, a result of the province’s feed in tariff (FIT).

Previous FIT programs required solar projects to be powered by “domestic content” equipment made in Ontario. The third phase of the program (FIT3) has eliminated this requirement.

12/15/2014


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