Ginlong, a photovoltaic technology company plans to come to Mexico

Ginlong, a photovoltaic technology company plans to come to Mexico The Chinese company Ginlong Technologies (Solis), which specializes in photovoltaic solar energy inverters for the residential and commercial segments, announced that it plans to install offices in Mexico.

For Cai Jixiangm, representative of the firm founded in 2005, Mexico offers a great opportunity to invest in renewable energy, for which the company will participate in the first Solar Power Mexico international fair that will be held from March 19 to 21 in the Citi Banamex center in Mexico City.

In the distributed generation for homes and businesses, he said, Mexico is one of the most attractive solar markets, since at the end of 2018 there is information that it had reached approximately 85 thousand solar contracts, according to a statement.

The executive noted that Mexico is seeing an increasing number of large solar parks that are being built in the private PPA segment (a long-term power purchase agreement between a generator and a buyer).

"Projects such as the 405 MW plant recently completed by the Spanish company Acciona in the Gulf of Baja California are selling electricity both in the auction regime and through a private PPA."

He said that the Mexican energy authorities expected to reach 5.4 gigawatts (GW) of accumulated photovoltaic capacity by the end of 2019, through the three energy auctions carried out to date, the Mexican government has allocated about 4.8 GW of solar energy.

Also known as Ginlong Solis, the company has a presence in more than 80 countries on five continents, where the company offers chain inverter and "Multiservice Store" solutions sold under the Ginlong Solis brand, for solar projects of 1 kilowatt ( kW) to 100 Megawatts (MW).