Polaris Renewable Energy has signed a 30-year mixed investment agreement with CFE for the development, financing, construction and operation of three renewable energy projects in Mexico. The portfolio comprises approximately 250 MWdc of solar capacity and 61.6 MW/192 MWh of BESS across Quintana Roo, Tlaxcala and Sinaloa. The projects include the 132.57 MWdc Los Girasoles solar project paired with 101.5 MWh of BESS, 91.06 MWdc of Solar Energía Tres Hermanos solar project paired with 71.6 MWh of BESS and 25.3 MWdc of Don Humberto solar project along with 18.9 MWh BESS.
Furthermore, the projects represent a combined estimated investment of $217 million. Commercial operations for all the projects are targeted in 2028, with the projects expected to deliver reliable clean power under CFE’s Mixed Development Program. The program forms a central part of Mexico’s National Electricity System expansion strategy and is structured to procure approximately 6,500 MW of new renewable generation and energy storage capacity by 2029.
In April 2026, CFE Calificados, a subsidiary of Federal Electricity Commission (CFE), has signed power purchase agreements (PPAs) with Copenhagen Infrastructure Partners (CIP), in partnership with Sunstone Power, for two solar-plus-storage projects in Campeche, Mexico. The projects include Alegría Solar, comprising 600 MW of solar and 300 MW of storage, and Esperanza Solar, comprising 300 MW of solar with 150 MW of storage. Both projects are part of the Ministry of Energy’s binding planning initiative and aim to strengthen Mexico’s national electric system.
REGlobal’s Views: Mexico has been witnessing a significant number of policy reforms since last year under the new administration. While the government plans to expand renewable energy to 45 per cent of the installed generation capacity by 2030 and has reopened the sector to private sector investment, there is also a nationalisation drive to wield greater control over the energy companies.