The National Bank for Public Works and Services (Banobras) is preparing a financial vehicle of 80,000 million pesos, equivalent to 4,600 million dollars, to back approximately 30 solar energy projects awarded in June 2026 to 18 companies. The announcement was made on July 13 by Jorge Alberto Mendoza Sánchez, the institution's director general, in an interview with El Financiero from the bank's headquarters in Mexico City.
The projects, mostly solar with some storage components, are part of the current administration's first round of electricity tenders open to private capital. The Secretariat of Finance (Hacienda) and Banobras are studying the creation of a single investment vehicle that would pool financing across multiple projects at once, combining public resources with capital from commercial banks and institutional investors, including Mexican pension funds. The structure is designed to reduce administrative costs and accelerate project review by building on the technical assessments used by the government to award the contracts, as reported by BNamericas.
Mendoza explained that Banobras can channel resources directly to each project or route them through the new financial vehicle, whose legal structure is still under evaluation. The bulk of the financing will be finalized over the next 12 months, with a significant portion scheduled to close before December 2026. The plan includes offering credit at preferential rates to companies that acquire machinery or components manufactured in Mexico, with the aim of developing domestic supply chains for the renewable energy sector. The first tender in this package has already attracted global investors, and new projects covering power generation, oil, roads, and ports will be announced within the following six months, the executive added.
The Banobras fund represents the largest public-private financial vehicle directed at solar energy in Mexico. With roughly thirty projects in structuring and more tenders scheduled, the country is adding renewable capacity while building a domestic supply base for the sector. The next project announcements are expected before the end of 2026.
This article was written with artificial intelligence assistance based on verified sources and reviewed by a human editor before publication.