Solar plants should be financed by Japanese conglomerate Marubeni and Mexican firm Becquerel Capital. Kiwapower representatives said they plan to begin construction works within the next few months in the Bajio region and in the wider Mexico City area.
Kiwapower plans to build network of photovoltaic power station, which will be installed mainly on the roofs of clients. Every plant will cost between $400,000 and $500,000. There should be 100 to 200 plants created in total.
Kiwapower entered Mexican markets when local government became embroiled in a dispute with energy companies that hoped for Mexico of the previous government. Companies complain that the government seeks for more control over energy supply. Yet, everyone hopes that the situation won’t discourage Kiwapower. The company had already discussed conditions for photovoltaic panels installation with universities, shopping malls and smaller firms. The intended investment could be worth tens of millions of dollars.