Mexican Iusasol to open 500-MW solar module plant next months - report
Sep 9, 2014 - Mexican firm Iusasol, owned by industrial company Grupo Iusa, will open a solar module plant with a production capacity of 500 MW a year in the last quarter of 2014, Iusasol's CEO, Antonio Lopez, told local daily El Financiero in an interview on Sunday.
The company has invested USD 200 million (EUR 155.2m) in the plant, located in the state of Mexico, so as to offer 2 million modules annually in response to the national demand resulting from the energy reform.
There are 36 solar power projects worth USD 2.3 billion in the country for the next three years, while local equipment manufacturing is expected to attract an additional USD 100 million, according to Lopez, who is also the president of Mexico's photovoltaic manufacturing association.
Grupo Iusa's businesses include construction and automotive products, publishing, agriculture and telecommunications.
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