Latin America is a region with immense potential to accelerate the expansion of solar energy. Its numerous emerging economies are a growing source of demand, while the political climate across the continent is largely in favor of renewable energy.
Enerray is actively present and develop business in many countries of LATAM:
Thanks to the new regulation for Distributed Generation from renewable sources approved by the Mexico's energy regulatory commission (CRE), anyone can generate electricity for their own consumption and sell their surplus, which will boost the development of the small-scale photovoltaic solar generation industry , which currently represents less than 0.3% of the total generation capacity in the country.
Regulation on renewable energy includes net metering, net billing and total sale compensation schemes, which will allow customers to generate their own electricity and obtain income from marketing their surpluses.
Enerray Lean Power is a Joint Venture between Enerray and Tordec, a Mexican Infrastructure and Construction Company. Enerray Lean Power is leveraging on Enerray’s long term experience in the solar industry and Tordec’s strong track-records in commercial and infrastructure projects in Mexico. The company is targeting the utility, commercial and industrial solar installation market, and it has already successfully installed solar power plants for some major local brands (Inox, Maccaferri, Cinepolis).
“The Normative Resolution ANEEL 482/2012 and the 687/2015 allows the energy generated by renewable sources with power up to 5 MW to be consumed directly by the final clients. However, the great difference brought by the new resolution is the possibility of using this generated energy even when there is no generation - the additional energy is generated by the System and, not being consumed, is inserted in the grid of the energy distributor, generating credit for the client.
When this same customer is not able to generate sufficient autonomous power, the rest of the consumption will be provided by the power distributor. If it has generated additional energy and it has been delivered to the distributor, this energy will be "returned" through credits directly into the energy bill. Most importantly, this credit can be used in up to 60 months (counted from its generation) or in other units of the same consumer provided they are in the same concession area of the energy distributor.
In an attempt to obtain 10 GW of energy from renewable energy sources by the year 2025, Argentina has created a Trust Fund for Renewable Energy called FODER. The FODER fund consists of two separate accounts; one relating to payment guarantees for energy purchase contracts (PPA); and the other deals with the risk of project termination. CAMMESA, the government agency in charge of purchasing electricity from power plants, is backed by a guarantee from the World Bank to meet its payment obligations.
Large users, companies whose energy consumption exceeds 300 kW, are legally required to obtain 8% of their total energy consumption from renewable energy. Companies that fall into this category can opt for two forms; they have the option to buy directly from an IPP and / or an energy trader; Or they can choose to self-generate the mandatory fee.
Enerray Argentina, based in Buenos Aires, has recently won a government contract in the country through the joint venture with Plug the Sun. The project includes the supply, installation and maintenance of 8500 off grid kits for SHS (Solar Home Systems), with peak powers ranging between 200 to 300 Wp, to be installed in 12 lots spread across 8 regions of the country.