Partnership with State Energy Secretariat to Provide Preferential Financing
Guadalajara, Jalisco. In order for companies in Jalisco to generate their own renewable energy, they will have access to financing at preferential interest rates through the Multiple-Purpose Sociedad Financiera (Sofom), Plus Corp.
The institution will have access to a $750 million peso fund that it will distribute through the State Energy Agency of Jalisco, according to its president, Manuel Sacal.
Focus on Small and Medium Enterprises
“We aim to impact small and medium-sized enterprises. All requests will be received through the State Energy Agency of Jalisco,” explained Sacal Sabban.
Jalisco’s Energy Landscape
According to the head of the Secretariat of Sustainable Energy Development (Sedes), Manuel Herrera, Jalisco is deficit in energy generation, importing 35% of the energy it consumes.
However, Jalisco leads nationally in distributed generation. The financing will help more companies install equipment and generate their own energy, Herrera commented.
“These are financing options primarily targeted at small and medium-sized enterprises; the project is designed to meet the need for implementing self-consumption in electric energy matters, taking advantage of new legislation,” Herrera Vega expressed.
“We are the state with the most self-consumption; that is, people generating their own energy, for example, using solar panels. Moreover, we are the top state with a significant margin over second and third places, Nuevo León and Chihuahua,” the official added.
Herrera specified that Jalisco has over 90,000 distributed generation contracts, representing nearly 700 Megawatts. He highlighted that the new legislation will help reduce Jalisco’s energy deficit by allowing companies to generate up to 700 kilowatts in the distributed generation scheme without needing any permit, while generating between 700 kilowatts and up to 20 megawatts can obtain an express permit.
Preferential Conditions
Sedes head indicated that to take advantage of the new legislation and address the increased energy demand caused by technological advancements and artificial intelligence, it is crucial to support businesses in generating their own energy.
“These alliances enable us to increase the available financing offer in special conditions for entrepreneurs, industries, and individuals to generate their own sustainable energy. With these conditions, people can install solar energy systems or self-generation without needing to invest since they would practically recover their investment with the same energy payments they currently pay,” explained Sedes head.
