Terra Energy Secures MXN$ 500 Million for Solar Expansion and Utility Transition

Terra Energy, a leading provider of residential solar energy in Mexico and the United States, has announced the successful closure of a MXN$ 500 million debt facility. This financing is intended to support the company’s three-year growth plan and refinance existing liabilities. The debt facility was provided by Beel Infrastructure Partners, an asset management firm specializing in the financing of real assets. Finergreen served as Terra Energy’s exclusive financial advisor throughout the transaction.

The newly secured funding will enable Terra Energy to expand its operations in Mexico by installing and operating an additional 20MW+ solar portfolio. The company has already developed a 30MW portfolio of small-scale distributed generation assets across the country. This financing marks a significant milestone in Terra Energy’s evolution towards a decentralized 2.0 utility business model.

Beel Infrastructure Partners, focused on Latin America, acted as the sole lender for this transaction. This loan is the first issued through their newly launched Mexican fund within the residential distributed generation sector.

Finergreen provided Terra Energy with critical financial expertise and insight into the Mexican market throughout the process. The company also received legal support from Kuri Breña Sanchez Ugarte y Aznar, while Garrigues acted as the legal advisor for Beel Infrastructure Partners.

Luis Perez-Aguirre, Founder and CEO of Terra Energy Mexico, expressed his pride in the successful transaction, highlighting the confidence investors have in Terra Energy’s unique subscription-based model. He noted that the funding will stabilize cash flow, consolidate the company’s position as Mexico’s largest residential solar provider, and support future growth. The next step for Terra Energy involves raising equity, with Finergreen set to initiate this process soon.

Christian Inchauste, Managing Partner at Finergreen LATAM, emphasized the role of Finergreen’s expertise and understanding of the Mexican energy market in crafting a tailored solution for Terra Energy. He also noted that Finergreen is leading similar transactions in Latin America and looks forward to supporting energy transition players, especially in the context of nearshoring with the USA.