Solar Industry Magazine has labeled Mexico as the “North America’s New Frontier For Solar Power.” Mexico is currently ranked 14th in world gross domestic product has competitive prices set by the country’s provider, Comision Federal de Electricidad. Energy prices have rose 8-10% annually. Add that with the cost decrease that solar has experienced in recent years, it’s fair to say solar in Mexico has reached grid parity.
Companies like Golden Age Resources (OTCMKTS: GDAR) a leading energy provider for large-scale “Green” power plants in Latin America and the Caribbean, are looking to capitalize on Mexico’s solar industry potential. As of March 25th of this year GDAR announced a new subsidiary in Merida, Yucatan, Mexico. According to a Yahoo! Finance PR from GDAR, Mexico is currently ranked the 17th largest solar producing country in the world.
As of late the Mexican Government passed an historic legislation around energy reform. The Secretaria de Energia, predicts a bright future for self-supply and renewables in Mexico, stating, “Mexico should have 6GW of solar installed by 2020.” This is an opportunity for companies like Golden Age Resources (GDAR) to enter this newly booming market from the ground floor.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.