The facility consists of 1,056 aleo S_16 165-watt modules. aleo solar also supplied the inverters. Although there is currently no solar electricity subsidy program in Mexico comparable to the European feed-in subsidies, the installation of photovoltaic systems is becoming an ever-more lucrative business. Solar electricity for proprietary use makes sense, since electricity prices have recently risen dramatically in Mexico.
Robert Schwarzinger, director of Business Development North America, is confident that business here will continue to grow: "The huge demand for energy in Mexico is matched by the excellent insolation conditions, meaning that photovoltaic systems for proprietary use make perfect sense. We have prepared our Mexican customer thoroughly - for instance by offering appropriate training in Germany. We see a lot of future potential in Mexico, especially in the area of industrial rooftop use." The customer chose aleo solar AG because of its solid expertise in the rooftop systems market and the high product quality such systems require.
In North America, not only Mexico but also the USA is becoming increasingly attractive for the expansion of aleo solar's business activities. The continuation of tax incentives will ensure that this market also sees positive development. The Investment Tax Credit (ITC) plan for solar systems has been extended by eight years.
The ITC makes it possible for investors assessed for tax in the US to deduct up to 30 percent of the sum invested from tax dues once the solar plant is operational. Since energy utility companies are now also eligible for ITC, this has also created an incentive for electricity companies to invest in solar power plants directly. aleo solar believes to be perfectly positioned to accommodate extra demand from the USA: both the aleo S_16 and aleo S_18 module types have UL certification and are thus already approved for the North American market.
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