CIP secures PPAs for 900 MW solar and 450 MW storage with Mexico's CFE

Type: Ppa · Technology: Solar, Storage · Country: Mexico · Capacity: 1350 MW · Value: $2B

Copenhagen Infrastructure Partners secured power purchase agreements for 900 MW of solar and 450 MW of battery storage with Mexico's state utility CFE. The projects represent a US$2B investment in Mexican renewable energy infrastructure.

Analysis

Copenhagen Infrastructure Partners (CIP) has secured power purchase agreements with Mexico's Comisión Federal de Electricidad (CFE) for 900 MW of solar and 450 MW of battery storage, representing a US$2 billion investment in Mexican renewable energy infrastructure. CIP is a global fund manager with over €28 billion in assets under management, specializing in large-scale renewable energy infrastructure. CFE is the state-owned electric utility of Mexico, responsible for generating, transmitting, distributing, and selling electricity throughout the country.

Key points

• 900 MW solar capacity
• 450 MW battery storage capacity
• US$2 billion investment
• Agreements with Mexico's CFE
• CIP manages over €28 billion in AUM

Counterparties

• Copenhagen Infrastructure Partners (CIP) (Developer)
• Comisión Federal de Electricidad (CFE) (Offtaker)