360Energy is making substantial strides in the solar energy sector, with 245 MW currently in operation and an additional 150 MW of projects underway in Brazil and Mexico. This expansion underscores the company’s commitment to hybrid projects and self-consumption, which are becoming increasingly vital in the region.
In Brazil, 360Energy has established a strong foothold in a mature electricity market, while in Mexico, the company is beginning to gain traction with projects that can reach up to 20 MW. The focus on self-consumption is particularly pronounced in Argentina and other new markets, where 360Energy is also developing a floating solar plant pilot.
Juan Pablo Alagia, a representative of 360Energy, stated, “We are undergoing an internationalisation process that takes time, energy and investment.” This reflects the company’s strategic approach to replicate its successful business models in markets with similar technical conditions.
360Energy is also exploring opportunities linked to data centres that require reliable energy solutions. Alagia emphasized that for data centre projects, “solutions must always be hybrid because operators aim to minimise reliance on the grid.” This indicates a shift towards more sustainable energy practices in the tech industry.
Moreover, the company is discussing hybrid projects that combine solar parks with energy storage systems, which could enhance energy reliability and efficiency. However, despite the rich natural resources available in Latin America, the region faces structural limitations in financing renewable energy projects.
360Energy is evaluating participation in tenders and auctions with a selective approach, including the AlmaSADI tender, which involves 700 MW across key nodes in Argentina. This tender represents a significant opportunity for the company to expand its influence in the region.
As 360Energy continues to navigate these developments, the future of solar energy in Latin America appears promising yet uncertain. The company’s ability to adapt to market conditions and secure financing will be crucial for its ongoing projects and initiatives.
