Less than one percent of Mexico's land area would need to be developed to power the entire nation.
GULFPORT, Miss.--Solar America Corp. (OTCBB: SOLX) has identified Mexico and Central America as regions capable for tremendous growth in the solar market. Solar America is positioned to participate in this growth through the use of their comprehensive solutions, which can be easily implemented throughout Mexico and Central America.
"After exploring various regions, we are excited about the potential to establish a footprint in Mexico's rapidly growing solar energy sector," said Robert Bludorn, CEO of Solar America.
Mexico has proven to be ideal for alternative energy solutions. Less than one percent of Mexico's land area would need to be developed to power the entire nation, according to the Secretaria de Energia de Mexico, Mexico's energy ministry. Solar America recently signed a Memorandum of Understanding with Valdez Cueva Constructores Asosiados to provide solar energy solutions for the Los Conejos housing project in Tonlola, a suburb of Guadalajara.
Claudia Hernandez, the ministry's Director of Renewables, stated at a conference in Mexico City, "31.4 billion pesos ($2.46 billion) will be used for investing in renewable energy programs to be in place by 2020."
According to a recent Bloomberg article, Mexico wants to increase solar solutions to reach the country's renewable energy target of 35 percent of power generation from alternative sources. This type of government support, increased consumption and the region's ample space and sunlight are just some of the reasons why Solar America Corp. is looking to engage in new solar projects in Mexico and Central America.
About Solar America Corporation
Solar America Corporation intends to commercialize and distribute innovative solar energy products and solutions. Solar America intends to capitalize on its position in the alternative energy sector to develop cutting-edge solar technologies. Solar America common stock is traded under the symbol SOLX. For more information please visit www.solaramericacorp.com.