CSDR lnternational, lnc. entered a joint venture agreement with VIVA DC Proyectos del Noroeste (VIVA).
Los Angeles, CA - With Mexico's interest in renewable energy rapidly expanding, a Los Angeles based manufacturer of High Concentrated Photovoltaic (HCPV) systems announced a joint venture with a consortium of Mexican companies aimed at developing the solar energy market.
Randall H. Roth, CEO of CSDR lnternational, lnc., entered a joint venture agreement with VIVA DC Proyectos del Noroeste (VIVA) which will provide the American company with immediate access to renewable energy buyers and developers.
"Once the energy reforms are finalized in Mexico, we expect the market for concentrated solar power to exceed $10 billion USD," said Roth, adding that "our partnership with VIVA offers us early entry along with a wide variety of other strategic advantages in Mexico's new energy markets."
According to Roth, Mexico enjoys some of the highest Direct Normal Irradiance (DNI) levels on Earth. CSDR's latest generation of HCPV has the ability to transform Mexico's DNI into gigawatts of clean energy at low prices.
The partnership, CSDR Mexico, Inc., began operations April 10, 2014.
Martin Dojaque, President of VIVA, said the company had previously explored "a variety of solar technologies" and decided to partner with CSDR after learning of their proprietary HCPV technology and visiting their headquarters in Los Angeles.
"Mexico has chosen a new path for energy development," said Dojaque. "We have land, facilities, expertise and other resources which will give CSDR a running start at this developing market for renewable energy," he added.
ln December, Mexico's Congress passed constitutional amendments designed to create a 'free market" for electricity. Among the provisions is a mandate to have thirty five percent of Mexico's electricity generated from renewable sources by 2024. Many Mexican industries are eager for the change.
Roth said CSDR lnternational, lnc. will enter the Mexican market with its PB1000X™ Module and Tracker system along with their latest product, Sun2Go, a mobile tracker and storage with widespread application. Most of CSDR's products will be manufactured and assembled in both the US and Mexico.
CSDR International, Inc. is a holding company that operates through its subsidiary companies. Its primary subsidiary, CSDR, Inc., is a California-based manufacturer of turnkey solar power systems utilizing High Concentrated Photovoltaic technology (HCPV). The firm was founded to generate the most cost-effective and reliable energy in the world.
CSDR – Leading the energy revolution