Actis is launching Yeltica Energy, a new greenfield renewable-energy platform in Mexico.
Yeltica Energy is anchored by three solar-plus-storage projects totaling approximately 330 megawatts peak of solar PV and 255 megawatt-hours of battery storage, which were awarded under the first Mixed Investment Tender run by Mexico’s state utility, the Comisión Federal de Electricidad (CFE). The three projects benefit from contracted 25-year, U.S. dollar-denominated and inflation-indexed cash flows thanks to power-purchase agreements with an investment-grade anchor offtaker in CFE.
Yeltica Energy will look beyond its anchor portfolio to scale toward more than 2 gigawatts of solar, wind and battery storage capacity. It intends to grow through further participation in Mexico’s public tenders and through proprietary origination with developers and offtakers.
JosĂ© Luis GarcĂa will serve as Yeltica Energy’s CEO. He has more than 25 years’ experience in the energy sec
