Actis sells 30% stake in Zuma Energia to Mesopower México Corp.

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Actis sells 30% stake in Zuma Energia to Mesopower México Corp.

Actis Capital LLP, a private equity firm headquartered in the London, has sold a 30% stake in its Mexican energy platform Zuma Energía to Mesopower México Corp, a vehicle managed by the investment firm Mesoamerica.

Mesoamerica managing director and Mesopower Mexico chairman of the board of directors Luis Javier Castro commented:

We are proud to be part of Zuma Energía and continue our alliance with Actis in the region. Our objective is to repeat in Mexico the success we have had in Central America, where we are the pioneers in clean energy generation.

In early September Actis committed US$250 million to establish Zuma Energía, which will target over 500 MW of installed capacity in the country. According to Actis, Zuma now has the capacity to invest between US$300 million and US$350 million of equity in energy projects in Mexico.

Zuma Energía on 5 September completed its first acquisition and closed the financing of PE Ingenio, S.A.P.I. de C.V., a 50 MW wind farm located in the state of Oaxaca. The project will be constructed by Acciona Energía who will also supply its 33 wind turbines.

Zuma Energía’s growth strategy involves both partnering on new projects and developing its own proprietary pipeline. The business will leverage Actis’s expertise in the power sector, especially in project finance, construction and operations, to build a leading Independent Power Producer player in Mexico. Zuma is Actis’s fourth power generation platform in Latin America, following recent investments in Brazil, Chile and Central America.

List of country news

Country news

  • October 08, 2014

    Mexico launches tender for Waha-Presidio natural gas pipeline

    Mexico's Electricity Federal Commission has issued a request for proposals (RFP) to develop the Waha-Presidio natural gas pipeline. Read more
  • October 14, 2014

    ATCO Wins Bid to Build Pipeline in Mexico

    ATCO Mexico has been awarded a contract by the Comisión Federal de Electricidad (CFE) to design, build, operate and maintain a natural gas pipeline near the town of Tula in the state of Hidalgo, Mexico. Read more
  • October 22, 2014

    Six teams to compete for Mexican gas pipeline

    Mexico state-owned power utility CFE has shortlisted bids from six teams for the construction of the 254km Ojinaga-El Encino gas pipeline in the northern state of Chihuahua. Read more
  • October 29, 2014

    Pemex signs energy contracts with Atco and Mitsui

    Pemex, Mexico's state-owned oil company, has signed preliminary agreements to develop two power plants to supply electricity to two of Mexico's refineries,. Read more
  • November 20, 2014

    Blue Earth agrees to purchase 273MW's of solar and wind projects in Mexico

    Blue Earth, Inc. an a renewable energy and energy efficiency services firm, has signed a letter of agreement to acquire six solar and wind projects totaling 273 MW's in Mexico. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.