The financing fund specialized in solar roofs, Banverde, structured a loan of 57 million dollars (million dollars) for small-scale photovoltaic projects – distributed generation – in our country.
Its objective is to benefit entrepreneurs in Mexico with industrial and commercial rates, which spend between 50,000 and 500,000 pesos per month, who will not have to invest in initial capital in the purchase of photovoltaic systems.
“They obtain savings on their energy payments and have a fixed monthly rate for the duration of their contracts with Banverde,” the fund clarified in a statement.
To date, the company has provided financing to the automotive, hotel, agricultural, manufacturing, and forestry industries.
Solar roofs in our country amount to almost 1,000 contracts with a capacity of 0.5 MegaWatts each, without the need to obtain a permit from the Energy Regulatory Commission (CRE).
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This new financing will support around 380 additional solar projects for commercial and industrial clients in the country.
If the panels do not produce the promised energy, Banverde assured that it will return the difference to its customers.
The investment round was led by the Inter-American Corporation for Infrastructure Financing (CIFI), which will facilitate an execution capacity of up to 76 million dollars in projects for the next 3 years.
As a result of the financing, Banverde plans to install 80 MegaWatts (MW) in distributed solar energy systems in Mexico, resulting in an approximate reduction of 65,000 tons per year in carbon dioxide emissions.
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