SolarCity Mexico President David Arelle told Reuters in an interview the projected outlay will depend on Mexico keeping at current levels an incentive known as net-metering that requires utilities to buy surplus power generated by rooftop solar panels.
"We estimate that if things work out the way they should, over the next five years our investment could reach about $1 billion," he said, noting that he sees sector-wide investment as high as $3 billion over the same period.
While Mexico has abundant solar potential, it has been slow to take advantage of it, opting instead for cheaper natural . . .
