Actis Launches Renewable Energy Platform Yeltica Energy in Mexico
Investment firm Actis has launched a new renewable energy platform, Yeltica Energy, in Mexico. The initiative aims to develop over 2GW of solar, wind, and battery storage capacity. Yeltica secured three initial projects totaling around 330MW-peak solar photovoltaic capacity and 255MWh battery storage through Mexico's first Mixed Investment Tender organized by the state utility CFE. These anchor projects include 25-year power purchase agreements in US dollars with inflation indexing, underpinned by long-term contracts with CFE. Actis has a strong presence in Mexico’s energy sector and currently owns Valia Energia, a gas platform generating 3.2GW of capacity. The company is responsible for approximately 7.3GW of generation capacity since entering the market. Yeltica Energy plans to expand its portfolio by participating in future tenders and collaborating with developers and energy buyers. CEO José Luis García brings extensive experience from previous roles at Zelestra LATAM and Zuma Energia, where he developed over 800MW of renewable projects.
Topics: Actis Mexico energy market renewables solar and battery storage Yeltica Energy