US to Help Mexico Pay for Ambitious Solar Plan, Official Says
- Assistant Secretary of State Brian Nichols speaks in interview
- $48 billion clean energy projects need private, public funding
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The US wants to help Mexico bankroll its ambitious plan for a slew of solar parks along their border, which is likely to require private funds and development bank loans, according to top diplomat focused on Latin America.
Mexican President Andres Manuel Lopez Obrador has said Mexico is looking to build five solar farms in Sonora state. The government has said the financing could come from sources including development banks, as part of a $48 billion clean energy investment through 2030. The project also aims to develop battery production, lithium mining and to help auto factories pivot to making electric vehicles.