InfraRed Capital Partners, an international infrastructure investment manager, has sold its investment in Jaguar Solar, a portfolio of solar PV projects located in Mexico’s Chihuahua desert.
Zuma Energia, a Mexican independent power-producer (IPP) backed by State Power Investment Corp. (SPIC), one of the largest utilities in the world, was the buyer. Financial terms were not disclosed.
Jaguar Solar has provided the region with a clean source of power, and it has also contributed to local communities. The portfolio consists of six operational assets with a combined capacity of 216 megawatts.
InfraRed initially invested in the portfolio in 2017, a few years after the Mexican power sector was opened to private investment in 2013, alongside Invex Infraestructura, a local financial investor. Together, InfraRed and Invex Infraestructura established an energy commercialization company, Ammper Energia, and secured long-term offtake contracts with commercial and indust