InfraRed divests stake in 216-MW Jaguar Solar portfolio in Mexico

London-based infrastructure investment manager InfraRed Capital Partners said on Monday that it has sold its stake in the 216-MW Jaguar Solar portfolio in Mexico to Mexican independent power producer Zuma Energia.

The terms were not disclosed.

Jaguar Solar is a portfolio of six operational solar farms located in Mexico’s Chihuahua desert. InfraRed made an initial investment in 2017 alongside Mexican financial holding company INVEX Controladora SAB de CV (BMV:INVEXA). In April 2022, private equity fund manager Ainda acquired a minority stake in the portfolio.

In August 2023, INVEX agreed to sell its remaining 25.7% stake in Jaguar Solar following two previous transactions to sell smaller interests.

“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,” said Stephane Kofman, Head of Capital Gain Funds at InfraRed.

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