SCOTTSDALE, Ariz.--()--GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing renewable energy solutions, announced today that it has begun vetting German technology partners for the development of alternative energy installations and facilities in Mexico and Central America.
“There is currently significant volatility in the global photovoltaic market, as Germany and other major European countries have slashed their feed-in tariffs for solar power, while facing increased competition from Chinese solar panel manufacturers”
“There is currently significant volatility in the global photovoltaic market, as Germany and other major European countries have slashed their feed-in tariffs for solar power, while facing increased competition from Chinese solar panel manufacturers,” said GWS Technologies Chairman Eric Johnson. “But this provides an opportunity to introduce more efficient technologies, such as CSP (concentrated solar power), from Germany to the Mexican and Central American markets. German firms are on the cutting edge of this emerging technology and have begun investing in this growing market,” he added.
Mexico has tremendous concentrated solar power potential, as solar radiation levels in most parts of the country are among the highest in the world. The Mexican population is growing, energy demand is rising, and electricity prices are comparatively high, generally about US10 cents/KWh more than in the United States. However, to date Mexico has almost no concentrated solar power (CSP) production for a number of reasons generic to the power sector as a whole, including lack of credit and effective financial incentives.
However, some industry experts point to the recent Renewable Energy and Energy Transition Financing Law (known by its Spanish acronym, LAERFTE) as evidence that this is about to change. Passed in November 2008, the legislation calls for a national framework to finance and regulate the renewables market and consolidate a series of existing fiscal, financial and contractual incentives for renewable technologies. The new legislation should also lead to greater clarity regarding site permitting regulations and grid interconnection standards for solar projects.
The Mexican government is optimistic, citing a ‘green fund’ set up as part of the renewables legislation which could raise up to $100 million USD. About 20 percent of those funds would be allocated to industrial scale renewable projects, including CSP.
About GWS Technologies, Inc.
GWS stands for GreenWindSolar. We are an alternative energy technology company focused on developing, marketing, and implementing solar and wind-powered renewable energy products and solutions for various commercial, industrial, and governmental end-users. We are also building strategic partnerships with companies that are developing cutting-edge technologies and solutions. By harnessing the power of the wind and the sun, we’re helping consumers and businesses generate their own clean power, reduce carbon emissions, and become part of the global energy solution. For more information please visit www.greenwindsolar.com.
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