Mexico Investment: SunPower Corp. Plans to Build Factory in Mexico

The American solar power company, SunPower Corporation, is taking advantage of the low interest rates in Mexico (and year-around sun) with plans to build a manufacturing plant in Mexicali, Mexico. SunPower Corporation announced on August 5 its plans to own and operate a solar panel manufacturing plant in the state of Baja California, Mexico. The Industrial Development Commission of Mexicali assisted SunPower in choosing the facility location where SunPower has finally decided to build its 320,000 square feet facility. Solar power is becoming more prevalent throughout North America, with opportunities for investment in the energy market ever-expanding.

Investor Interest in Mexico Stays Strong

Via MexicoToday.org: According to the Mexico’s Economy Ministry, foreign direct investment (FDI) totaled $31 billion between December 2006 and December 2010, up $1 billion from the previous four years, according to Financial Times. Mexico’s Finance Minister projected that the country’s second-quarter GDP expanded 3.5% year-over-year, according to Reuters. The Minister also forecasts economic growth of 4.3% this year. Click here for the full story. What are your experiences with the Mexican market?

Breaking News: Carlos Slim Loses $8 Billion in 4 Days

Carlos Slim, the world’s richest man, lost about $8 billion this week due to Mexico's IPC index dropping 7.4 percent. The IPC index is the main benchmark stock index for the Mexican Stock Exchange and main indicator of the BMV's (Bolsa Mexicana de Valores) overall performance. On top of the low numbers, three of Slim’s companies have been removed from the IPC index, making matters worse. Slim, 71, has taken a big hit in only 4 days as the peso slid 2.5 percent against the dollar. The unfortunate data comes as a consequence of generalized concern that the lethargic U.S. economy will hurt demand for assets in Mexico.