CONTACT US INVESTOR LOGIN Main navigation Business Investments Sustainability News Search this site MEXICAN SOLAR PORTFOLIO Generating enough electricity to power over 100,000 homes Creation of one of the largest solar portfolios in Mexico The backdrop Over the course of the first half of 2017, InfraRed and our local partner Invex Infraestructura decided to fund the construction of Torreoncitos and Rancho El Trece, each with a capacity of 36MWp. The projects entered into operation in Q1 2018, and in the summer of the same year, the venture partners committed to the construction of the Ahumada project cluster with a combined capacity of 144MWp. The delivery of the portfolio comprising three main project sites, Torreoncitos, Rancho el Trece and Ahumada, located in Chihuahua, Mexico, across c. 600 ha of land with a combined capital value of US$215m, and represents InfraRed's largest solar venture to date. The projects were commissioned in two stages in 2018 and 2019 and required the installation of c. 650,000 solar panels and the employment of 2,000 workers. 650,000 Solar panels US$215m Capital value 9 Industrial and commercial clients Creating Real Value These were among the first commercial scale solar PV projects built in Mexico. Successful delivery of the projects was achieved based on our ability to transfer our renewable energy expertise, particularly in structuring projects, superior supervision and management capability of complex construction processes combined with a sensitivity for and anticipation of local particularities. All these elements were critical to overcome various technical, commercial and administrative challenges in this still nascent solar market. The projects were built in regions with some of the highest solar irradiation globally, with little alternative use for land, thus not causing displacement of any agricultural or other activities. The projects have brought significant employment and other benefits to the local communities. In addition to successful project delivery, we truly embraced the energy sector reform in Mexico and pioneered commercialising power generated by the projects to industrial consumers. This was achieved by setting up a commercialisation entity, Ammper Energia, which allows us to operate in the newly formed electricity wholesale market. During the delivery of the projects, through Ammper Energia we have successfully placed most of the energy and green certificates generated by the projects under power purchase agreements with industrial consumers. Such industrials will benefit from secure and fixed price electricity generated by renewable sources, contributing to Mexico’s ambitious reform targets. Electricity generated from the solar portfolio is displacing that of less efficient, conventional generation, reducing emissions by 380,000 tons of CO2 and saving the consumption of 37m litres of gas fuel per year. “We are excited to have built one of the largest solar portfolios in Mexico and contributed to the efficiency of Mexico’s electricity system. The portfolio has had a positive impact on local communities in Chihuahua through the creation of jobs and decarbonisation of electricity. InfraRed was key in building the business case and driving the construction of the portfolio”. Antonio Macías CEO at Bester Energy Back Footer social link Contact + Careers CONTACT US CAREERS London T+44 (0)20 7484 1800 Elondon@ircp.com New York T+1 212 297 2650 Enewyork@ircp.com Seoul T+82 (0)2 6000 3050 Eseoul@ircp.com Sydney T+61 (0)2 8598 0701 Esydney@ircp.com © InfraRed Capital Partners 2021 Terms & Conditions Privacy Policy Sitemap Careers HICL TRIG