InfraRed Capital Partners has sold its investment in Jaguar Solar, a portfolio of solar PV projects located in the Chihuahua desert in Mexico.
The six operational assets with a combined capacity of 216MW have been acquired by Zuma Energia, a Mexican Independent Power Producer backed by China’s State Power Investment Corporation.
InfraRed invested in the project in 2017 alongside Invex Infraestructura, a local financial investor, to establish clean-energy supplier Jaguar Solar.
Stephane Kofman, head of capital gain funds at InfraRed, said: “We drew on our deep experience in renewables and greenfield development to support the successful establishment of Jaguar Solar, which was created shortly after the Mexican energy sector was opened for private investment. We worked closely with the company to navigate various regulatory challenges, and ultimately this transaction validates the fundamentals of our investment thesis.”
InfraRed Capital Partners is an international infrastructure investment manager, with more than 180 professionals operating worldwide from offices in London, New York, Sydney and Seoul.
To read the latest IPE Real Assets magazine click here.
