Solar

Infrastructure

September 23, 2026 · 5 min

Hydrogen in Mulegé: why isolated grids may become Mexico's greenest

CFE is building its first solar, battery and green-hydrogen project in Mulegé. It is no accident: small, isolated power systems are the ones that can decarbonise fastest, and that is SENER's reasoning.

Thesis

September 17, 2026 · 6 min

The last mile: how China brought reliable power to everyone, and why generation is the easy part

China connected its last household without electricity in 2015, then spent 830 billion yuan in four years on rural grids alone. The lesson for investors: generation is bought; the grid is built.

Thesis

August 11, 2026 · 8 min

The Bajío's hidden energy market: 73 German plants, and almost no on-site generation

German OEMs in the Bajío already run on renewable power. The suppliers around them mostly don't. We sized the gap: roughly 64–183 MWp of on-site solar and US$52–216 million of capex, in projects too small for project finance and too large to ignore.

Thesis

July 7, 2026 · 5 min

The Laja River: water, energy and farming in northern Guanajuato

The Upper Laja River aquifer has 62 hm³ a year more water under concession than it recharges. In northern Guanajuato, a project that produces energy but uses more water is not viable. Five agri-energy models and the rules for doing them right.

Thesis

March 3, 2026 · 6 min

Residential, C&I and utility: three solar markets that don't look alike

In Mexico, the word «solar» names three different businesses: a home rooftop, the industrial plant that generates for itself, and the park that sells to the grid. The customer, the permit, the risk and who finances it all change.