Solar + Storage Portfolio — 120 MW
Investment Snapshot
Property & renderings
Executive Summary
Project finance opportunity for a 120 MW solar and 60 MWh storage portfolio across three adjacent sites in Sonora. All three sites are interconnected, with 20-year inflation-linked PPAs signed with two investment-grade industrial offtakers. Construction begins next quarter; commercial operation expected within 18 months.
The portfolio comprises three brownfield-converted sites totaling 540 hectares with industry-leading irradiance (DNI > 2,400 kWh/m²/year). Grid interconnection has been awarded by CFE with reservation deposits paid, and substation upgrades are scheduled in parallel with project construction.
Offtake is fully contracted: 84 MW under a 20-year PPA with an investment-grade mining major, and 36 MW under a 15-year PPA with a regional industrial cluster. Both PPAs include partial inflation indexation and a take-or-pay floor at 92%.
Capital is being structured as senior secured project debt with a tax equity sleeve. The equity tranche is partially placed; this raise targets the remaining 24% of the project equity stack with a 14% targeted equity IRR and DSCR above 1.35x in every modeled year.
- 14% IRR target return
- 24% of project equity stack equity offered
- $1,500,000 minimum investment
- Construction begins next quarter stage
- Financing Needed
- Hermosillo, Mexico
- Capital at risk — projected returns are not guaranteed.
- Subject to completion of due diligence and definitive documentation.
- Market, execution, and liquidity risk apply to all positions.
- Detailed materials are released after an NDA is countersigned.
Investment Timeline
- Sourcing & DiligenceComplete
- FundingComplete
- ConstructionCurrent
- Completion
- Exit
The institution behind this deal
Sonora Energy Partners
VerifiedIndependent power producer building utility-scale renewables across Mexico and Central America.
Who you'll be backing
Camila Vargas
VerifiedTwelve years originating and financing renewables across northern Mexico and the US Southwest. Currently raising the equity tranche on a 120 MW solar plus 60 MWh storage portfolio with executed PPAs.
Documents available
9 documents · 3 public · 6 private
Public documents are available below. Private documents — pitch deck, financial model, contracts — unlock after Sonora Energy Partners approves your access request.