Distributed generation solutions provider Enlight has created a new US$50 million fund to finance the deployment of solar generation and battery storage assets for use by industrial consumers.

Through two possible payment plans, the fund will invest in building and deploying power generation infrastructure that customers will then pay for through a long-term supply contract, bypassing the need to finance them. -even the investment, according to the local press. Once their contract is fulfilled, they will become the owners of the asset.

This system of peer-to-peer power purchase agreements is increasingly common in the region, as it allows small businesses accustomed to paying the supply bill directly to the distributor to switch to self-supply without having to guarantee a significant one-time investment. .

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Mexican President Andrés Manuel López Obrador earlier this week met with Canadian energy-related companies concerned about the country’s political decisions.

At a conference, AMLO said the meeting was held on Wednesday and resolved the issues presented by the companies.

“We served four Canadian companies. And we have solved the four issues, without any obstacles, which were related to the problems of the electricity sector,” the president said.

The meeting follows a recent trend in Mexico’s energy sector where companies that sit down with government officials and strike deals behind closed doors often receive preferential treatment. This tactic has become common among companies looking to build large-scale infrastructure energy projects.

Mexico is in full consultation under the USMCA treaty with the United States and Canada, following complaints from companies in both countries of unfair treatment by energy authorities, accused of favoring state companies CFE and Pemex.

Complaints could lead to an arbitral tribunal if an amicable solution is not found.