Solar Equipment in Central America

Mexico

Country

Brownfield

Technology Area

GHG mitigation potential (tonnes of CO2e/year) (developer's own estimation)

34010

Scale-up

Business type

Investment ask (US$) (convertible debt)

2,000,000

Project IRR (%)

25

Installed capacity (MW)

100

The project develops, manufactures and commercialises solar equipment to heat water, generate steam or heat for industrial use. It’s flagship technology uses solar energy and replaces the use of boilers, offering savings up to 80% to customers. Its complementary product controls and rotates the collectors accordingly to follow the sun rays. Steam is essential for industrial use and can be produced by burning fossil fuels such as diesel, fuel oil, and natural gas which are expensive and generate large amounts of carbon dioxide, increasing global warming. Industrial boilers are the second leading cause of pollution in urban areas in Mexico.