Genux announced that it won the bid for the Lagartija and Ocelote solar projects , located in the State of Mexico , which will mobilize approximately USD 165 million of investment and add 201 MWp of solar capacity to the National Electric System.
The award came after Genux's participation in the Binding Planning 2025 process, and strengthens the company's presence in the Mexican electricity market, advancing its goal of consolidating more than 5 GW of projects under development in Mexico, Colombia, Peru and Argentina.
The Lagartija and Ocelote projects together have 201 MWp of photovoltaic solar capacity, complemented by a battery energy storage system (BESS) that will strengthen the stability of the electrical grid in the region. It is estimated that, once operational, both projects will inject approximately 490 GWh annually into the National Electric System, enough energy to power more than 150,000 Mexican homes, in addition to preventing the emission of approximately 250,000 tons of CO2 equivalent each year.
"Each solar project we add in Mexico brings us closer to our goal of more than 5 GW of renewable energy in Latin America. This announcement reaffirms Genux's long-term commitment to the country's energy security, the decarbonization of the electricity sector, and bringing clean energy to the communities and regions of Mexico that need it most," said Patricia Tatto , CEO of Genux.
Lagartija and Ocelote join other projects that Genux already has active in the country, including the Panabá wind project, of 252 MWp with storage, located in Yucatán and selected in the first Binding Planning call.
Taken together, these projects reflect the company's long-term commitment to the development of energy infrastructure in the country, and its contribution to the objectives of expansion, modernization and strengthening of the National Electric System.
"Our model is serious and solid because it has the backing of world-class partners like Glencore and Exus. With that foundation, Genux works hand in hand with the energy sector, governments, and communities to build, together, the energy future of Mexico and Latin America," Tatto concluded.