Solar Equipment in Central America

Solar Equipment in Central America

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.
Country Mexico
Technology Area Brownfield
GHG mitigation potential and impact 34,010 t/annum (developer's own estimation)
Business type Scale-up
Investment ask (US$) 2,000,000 debt (convertible debt)
Project IRR 25%
Installed capacity (MW) 100
PFAN Regional Coordinator Federico Fische