Energía Real Granted MX$2.13 Billion Green Loan

BANCOMEXT and Banco Multiva formalized a syndicated green loan of MX$2.13 billion (US$115.806 million) for Energía Real to finance Distributed Generation (DG) projects that combine solar and battery storage technologies. The 15-year credit represents the first financing structure in Mexico to integrate both technologies under a single project finance scheme.

According to BANCOMEXT, the loan will support approximately 500 on-site generation projects in operation, development, or construction, using a portfolio-based structure. The initiative aligns with the federal government’s Plan México and National Energy Plan, both of which aim to strengthen sustainable infrastructure and promote a decentralized energy model.

Roberto Lazzeri, Director General, BANCOMEXT, said the transaction reaffirms the development bank’s commitment to supporting Mexico’s energy transition and nearshoring strategies by enabling companies to access cleaner and more competitive electricity through distributed generation and storage systems. He emphasized that the project’s structure was made possible by the technical and financial coordination between the participating banks and Energía Real to mitigate potential risks and ensure repayment capacity.

Energía Real operates Mexico’s largest distributed generation portfolio, with 200MW of installed capacity and more than 150 clients across the country. Its projects include solar plants, storage systems, qualified supply services, substations, and smart metering infrastructure. Pablo Linares, CFO, Energía Real, said the financing supports Energía Real’s Energy-as-a-Service model, reinforcing the role of distributed, renewable, and digital solutions in Mexico’s energy future.

Multiva, which acted as the agent bank in the transaction, announced in June that it plans to allocate MX$170 billion over three years to infrastructure financing in energy, mobility, water, and real estate sectors. The Energía Real loan marks a key step in that strategy. Tamara Caballero, CEO, Multiva, said the project establishes the bank as a reference point in sustainable finance and reflects its long-term vision for Mexico’s energy sector.

The loan was certified as a green credit by an independent international advisor and aligns with Mexico’s sustainable taxonomy, which defines technical criteria for environmentally sustainable economic activities. It also complies with the Equator Principles, International Finance Corporation (IFC) Performance Standards, and ESG guidelines, confirming its adherence to international sustainability benchmarks.

Bancomext, Multiva, and Energía Real stated that the transaction represents a milestone in green finance for Mexico’s distributed generation market and reinforces the role of the financial sector as a driver of decarbonization and energy modernization.