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Macquarie fund buys majority of 322-MW Mexican solar portfolio

Solar park in Mexico. Author: Presidencia de la Rep├║blica Mexicana. License: Creative Commons, Attribution 2.0 Generic.

August 23 (Renewables Now) - A fund managed by Macquarie Infrastructure and Real Assets (MIRA) has entered into an agreement to buy 90% of a 322-MW solar portfolio in Mexico, local media report, quoting a statement.

The assets within the portfolio include two operating solar power plants totalling 67 MW, one 109-MW facility under construction and two projects with a combined capacity of 146 MW that are expected to enter the building works phase in late 2018. Talks are ongoing about securing financing from commercial and development banks for the two final projects.

A portion of the plants’ output is already contracted under power purchase agreements (PPAs), while another portion will be sold in the local wholesale energy market.

TSK Electronica y Electricidad is in charge of building the solar parks. Eosol Invest Mexico Uno will continue to own a 10% stake in the portfolio.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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