Vector Cuatro, global support in a 30 MW solar PV project in Mexico
Camargo is a 30 MW solar PV project located in the Mexican state of Chihuahua in which Vector Cuatro has provided services through its three business lines: Asset Management, Transactions and Engineering.
The project, connected on April 6th, has been developed by the ‘Pequeño Productor de Energía’ scheme and has become one of the biggest PV operational projects in Mexico.
During the 8 months that the construction phase has lasted, Vector Cuatro has carried out the supervision, verifying that the highest quality standards in PV market were followed. The project has been funded entirely by Balam Fund I, L.P. and BalamCK16; private equity funds specialized in the investment of renewable projects in Mexico and managed by Balam.
Thus, Vector Cuatro has supported Balam through its three business lines including, among others, the origination of the opportunity, the Technical Due Diligence and the support in the selection of the main contractor. Camargo is the first project under management that joins VC portfolio in Mexico.
Vector Cuatro entered the Mexican renewable energy market first in 2012 as Technical Advisor for solar PV plants in Latin America, providing since then services throught its other business lines. The range of services has been adapted to the great variety of clients which comprise investment funds, financial institutions, international sponsors and developers, amongst others. Currently, Mexico has become one of the key markets for the company that has increased its activity in the country due to the two renewable auctions that were held in 2016.