InfraRed Capital Partners (InfraRed), an international infrastructure investment manager ,has announced the sale of its investment in Jaguar Solar, a portfolio of solar PV projects located in the Chihuahua desert, Mexico. The six operational assets with a combined capacity of 216MW has been acquired by Zuma Energia, a Mexican Independent Power Producer backed by State Power Investment Corp.
InfraRed’s initial investment was made in 2017, a few years after the Mexican power sector was opened to private investment in 2013, alongside Invex Infraestructura, a local financial investor. By capitalising on this early-mover advantage, InfraRed supported the company to secure strategically located development sites, to form strong relationships with key local partners, and to create a proprietary route-to-market for the power generated. Together with Invex Infraestructura, InfraRed established an energy commercialisation company, Ammper Energia, and secured long-term offtake contracts with commercial and industrial clients.
Jaguar Solar has provided the region with a clean source of power, and it has also contributed to local communities through the creation of jobs during the construction and operational phases, as well as with the donation of equipment to several schools.
