Polaris Renewable Energy has signed a 30-year mixed investment agreement with CFE for the development, financing, construction and operation of three renewable energy projects in Mexico. The portfolio comprises approximately 250 MWdc of solar capacity and 61.6 MW/192 MWh of BESS across Quintana Roo, Tlaxcala and Sinaloa. The projects include the 132.57 MWdc Los Girasoles solar project paired with 101.5 MWh of BESS, 91.06 MWdc of Solar Energía Tres Hermanos solar project paired with 71.6 MWh of BESS and 25.3 MWdc of Don Humberto solar project along with 18.9 MWh BESS.
Furthermore, the projects represent a combined estimated investment of $217 million. Commercial operations for all the projects are targeted in 2028, with the projects expected to deliver reliable clean power under CFE’s Mixed Development Program. The program forms a central part of Mexico’s National Electricity System expansion strategy and is structured to procure approximately 6,500 MW of new renewable generation and energy storage capacity by 2029.
In May 2026, DESRI and Tierra Adentro Growth Capital (TAGC) commenced construction on two solar plus storage projects in San Juan County, New Mexico. The projects include the 170 MW Foxtail Flats Solar and Storage facility with 80 MW/320 MWh battery storage and the 100 MW Four Mile Mesa Solar and Storage project with 100 MW/400 MWh storage. Together, the developments represent 270 MW of solar capacity and 180 MW of battery storage capacity.
