Development banks to finance 337MW PV portfolio in Mexico

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The financing is for a total of US$294 million. Image: Inauguracion de la Republica Mexicana / Flickr

A 337MW PV portfolio in Mexico have reached financial close, according to Mexico’s Secretariat of Energy (SENER).

The portfolio, comprised of a pair of solar plants (Orejana and Santa María) built in Sonora and Chihuahua, were awarded in the country's second electronic auction back in 2016.

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The financing, provided by Mexico’s development bank (Banca de desarrollo), Banobras, Nafin and the North American Development Bank, is for a total of US$294 million.

The Orejana solar park, in Hermosillo, Sonora, will have an investment of US$139 million and features a generation capacity of 158MW. Once in operation by mid-2019, the park will be comprised of 87,440 solar panels to produce 353GWh of clean energy. The completed project will provide power to 169,000 homes.

The Santa María solar park, with a total capacity of 179MW, will be built in Galeana, Chihuahua, with a financing of US$155 million. The project is expected to be operational by mid-2019 and will feature 550,080 solar panels.

2 September 2025
Mexico City, Mexico
Intersolar Mexico is the leading platform for technology trends and B2B networking in Mexico's solar market. It focuses on photovoltaics, solar heating and cooling technologies, and energy storage. Together with the co-located events The GREEN Expo® and Aquatech Mexico, it has solidified its position as the largest gathering of professionals in the renewable energy and cleantech industry in Mexico since the debut in 2019. In 2024, the events hosted more than 400 exhibitors as well as 10,000 visitors and 12,000 industry professionals (total attendance). The sixth edition of Intersolar Mexico will take place from September 2 to 4, 2025 at the Citibanamex Center, in Mexico City.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

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