Business · Energy & Commodities · 2 hrs ago
Quintana Roo solar fund aims to cut hotel power costs by up to 30%
Quintana Roo has created a solar fund with Finergy Capital to reduce electricity costs for hotels and other high-use customers.
The scheme aims to sell solar power at up to 30% below the basic supply rate, with no initial investment from customers.
Finergy installs and maintains the solar system, while the customer keeps its contract with CFE, Mexico’s state electricity company.
Batteries can help lower costs during expensive peak hours and provide backup during brief power interruptions.
The state hopes lower electricity bills will improve the competitiveness of its tourism industry, where power is a major business cost.
A digital platform will let businesses register and get savings assessments, and Finergy plans to open an office in Cancún in two to three months.
A registered business could begin receiving the benefit within 45 days.
Quintana Roo has established a solar fund intended to cut electricity costs for hotels and businesses by up to 30%.
The fund was created by the state’s Secretariat of Ecology and Environment in partnership with Finergy Capital.
Under the model, customers pay no upfront investment while the fund installs and maintains solar systems and sells the generated power.
Battery storage is intended to reduce peak-hour costs and provide backup during brief interruptions.
The initiative will focus on high-consumption hotels and businesses, and may also serve households on the DAC tariff.
- Who
- Quintana Roo’s Secretariat of Ecology and Environment and Finergy Capital established the fund. It targets high-consumption private and public-sector users.
- What
- A solar fund aims to lower electricity costs by up to 30% through on-site solar systems, with no upfront investment from the customer.
- When
- The fund has been established. A Cancún office is planned to open in two to three months.
- Where
- Quintana Roo, Mexico, with a focus on the hotel and commercial sectors.
- Why
- To reduce electricity costs and improve competitiveness and hotel productivity.
This story does not have two clearly opposing sides.
The state’s Secretariat of Ecology and Environment established the fund in an agreement with Finergy Capital.
The initiative plans to open an office in Cancún.
A business could begin receiving the benefit in 45 days.
- Maximum targeted savings
- Up to 30% below the basic supply tariff
- Partnership
- Quintana Roo Secretariat of Ecology and Environment and Finergy Capital
- Customer investment
- No upfront investment
- Planned office
- Cancún, in two to three months
- Expected time to benefit
- 45 days after registration