In the first days of August 2026, the Comisión Federal de Electricidad (CFE) reported that construction had begun on La Esperanza Solar, a 420-megawatt (MW) photovoltaic plant with battery storage, in Campeche. The project is being developed by the Danish fund Copenhagen Infrastructure Partners (CIP), which reached financial close to build it.
It is CIP's first project in Mexico and one of the largest solar-plus-storage packages currently under construction in the country. Financing totals $510 million from five international banks, with law firm White & Case serving as legal advisor, according to BNamericas. The energy will be purchased through a long-term hedging contract with CFE Calificados, CFE's commercial subsidiary for large clients. The Danish fund, with renewable projects across several continents, enters the Mexican electricity sector for the first time. The plant is located on the Yucatan Peninsula, a region of growing electricity demand, where solar output depends on sunlight availability and battery storage allows more flexible management of the generated energy.
According to CFE's statement, the plant will include a storage system with a capacity of 150 megawatts, five hours of discharge, and a total energy of 750 megawatt-hours. Construction is being carried out by CIP through its Growth Markets Fund II. The hedging contract with CFE Calificados provides certainty over demand, an element the company considers decisive for investments of this scale to secure financing and move into construction. CIP expects La Esperanza Solar to enter commercial operation in 2028, within the electricity sector planning coordinated with the Secretaría de Energía. It is the Danish fund's first investment in Mexico, adding a new international player to clean energy development in the country.
With commercial operation scheduled for 2028, the Yucatan Peninsula will gain battery-backed solar capacity in a region where demand continues to grow. CIP's financial close also opens the door for other international funds to follow the same path in the country.
This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.