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Actis launches Yeltica Energy, a new greenfield Mexican renewables platform anchored by solar PV and battery storage tender award
17 September 2026 5 Min Read
- New platform sees Actis return to Mexican renewables, building on considerable experience with Zuma Energia and Atlas Renewable Energy, and will add to the 7GW+ it has owned and operated in the Mexican power sector to date
- Launch comes as Plan Mexico reforms seek to ramp-up power sector investment
- Experienced and skilled management team already installed, with CEO José Luis García to lead new business
LONDON, 17 September 2026: Actis, a leading growth market investor in sustainable infrastructure, today announced the launch of Yeltica Energy, a new greenfield renewable energy platform in Mexico targeting 2GW+ of generation capacity.
Actis is one of the largest private energy investors in Mexico, having previously owned and exited Zuma Energia, Saavi Energia and Atlas Renewable Energy in the country and currently owning 3.2GW gas platform Valia Energia. Since inception, the firm has owned 7.3GW of generation capacity in the market.
Yeltica Energy is anchored by three solar-plus-storage projects, totalling approximately 330MWp of solar PV and 255MWh of battery storage, awarded under the first Mixed Investment Tender run by Mexico’s state utility, the Comisión Federal de Electricidad (CFE).
The three projects benefit from contracted 25-year, US dollar-denominated and inflation-indexed cash flows thanks to PPAs with an investment-grade anchor offtaker in CFE.
Yeltica Energy will look to scale beyond its anchor portfolio towards 2GW+ of solar, wind and battery storage capacity. It intends to grow through further participation in Mexico’s public tenders and through proprietary origination with developers and offtakers.
CEO José Luis García has more than 25 years’ experience in the energy sector, having previously held the role of CEO at Zelestra LATAM, where he built and divested a 1GW+ renewables platform across Chile, Peru and Colombia, and that of CEO at former Actis business Zuma Energia, where he developed and built 800MW+ of wind and solar assets in Mexico.
As part of its Plan Mexico reforms, Mexico looks to attract investment to its power sector. Its Power Sector Development Plan (PLADESE) 2025-2039 calls for around 75GW of gross new generation capacity, approximately 80% of it from clean sources.[1] This framework will see CFE and private investors partner together to meet rising energy demand driven by industrialisation and nearshoring.
Mexico is targeting a 38% renewable electricity share by 2030, up from c.20% today, as it seeks to add 32GW of new generation capacity by this date with 22GW coming from renewables.[2]
Alberto Estefan, Managing Director, Energy Infrastructure at Actis, commented: "Mexico is one of the most compelling infrastructure markets in Latin America from our perspective. In energy in particular, rising demand and a policy framework that looks to mobilise private capital is creating strong opportunities for investors. We have deep roots in this market and the on-the-ground expertise to build and operate the critical, clean power to support Mexico’s growth and energy security."
José Luis García, Chief Executive Officer of Yeltica Energy, added: “It’s an exciting moment for Mexican energy and there’s positive momentum. I have built in this market before, alongside Actis at Zuma, and returning to that partnership was an easy decision – the firm takes a long-term view, backs the team, and is interested in construction and operations, beyond capital deployment. Yeltica Energy begins with an anchor portfolio and a strong pipeline – a great start to meet our ambitions.”
In addition to Actis’ long track record in Mexican energy, the firm is also investing in the country’s data centers through Latin American hyperscale platforms Terranova and NextStream.
ENDS
[1] https://dof.gob.mx/nota_detalle.php?codigo=5770297&fecha=17/10/2025#gsc.tab=0
[2] https://www.iea.org/countries/mexico/electricity; Enerdata; PVMagazine
Disclaimer
The statements contained herein, including those made by Alberto Estefan and José Luis García, are as of 17 September 2026 and represent the views of Actis which is not research and should not be treated as research. Historic market trends are not reliable indicators of actual future market behaviour or future performance of any particular investment which may differ materially and should not be relied upon as such. Nothing herein constitutes a guarantee, projection or prediction. References to Yeltica Energy’s capacity targets, participation in tenders, and origination activities are forward-looking statements, based on current assumptions and should not be relied on as assurances that such outcomes will be achieved. Past performance is not a guarantee, projection or prediction and is not indicative of future results. Case studies, figures and other selected transactions herein are presented for informational purposes only and were selected to demonstrate the type of investments that Actis will seek to make. There can be no guarantee that transactions with similar characteristics will be available to Actis. Nothing herein should be considered a recommendation of any particular portfolio company or transaction. The strategies described herein may not be suitable for all investment goals. All investments carry a risk of loss.