Mexico Surpasses Renewable Energy Targets as Polaris Secures Three Solar Projects
Mexico City, Tuesday, 9 June 2026.
Mexico’s mixed-investment program exceeded its renewable energy goal by 14%, awarding 7.4 gigawatts of capacity. Polaris successfully capitalized on this expansion, securing three major solar and storage projects.
Financial Mechanics of the Mixed-Ownership Scheme
The CFE’s mixed-investment framework introduces a unique ownership and distribution model. Under this structure, the state-owned CFE will retain a 54 percent stake in each approved project [2]. Furthermore, the commission commits to purchasing 70 percent of the generated electricity and leasing 70 percent of the battery storage capacity [2]. To stimulate private sector participation, the CFE eased its pre-contract financial requirements. The mandatory investment guarantee was reduced from 3 percent of total capital expenditures (debt plus equity) to 3 percent of the private partner’s contributed capital, though the development guarantee remains steadfast at US$15,000 per MW [2].