SilverBlue has announced the acquisition of Solage, a financial vehicle specialised in funding distributed generation and energy storage projects for commercial and industrial (C&I) users in Mexico.
The transaction is accompanied by an investment commitment of more than MXN 500 million, aimed at building a diversified renewable energy portfolio in the country.
The acquisition comes amid a favourable outlook for Mexico’s renewable energy market. Installed renewable capacity is expected to grow from 36.57 GW in 2025 to 40.27 GW in 2026, reaching 65.2 GW by 2031. This represents a compound annual growth rate (CAGR) of 10.12% between 2026 and 2031, underlining the long-term potential for solar PV, energy storage and distributed energy solutions.
As part of SilverBlue, Solage aims to help bridge the gap between available capital and bankable energy projects. The platform provides financing through contracts commonly known as power purchase agreements (PPAs), offering long-term price certainty for electricity consumers while enabling project development.
Its business and financing model is designed to adapt to each project stage, from early technical and financial assessment through to implementation and ongoing monitoring, combining technical rigour with strict financial discipline.
In recent years, clean energy investment in Mexico surged by nearly 77% in 2024, reaching approximately MXN 40.1 billion, compared with MXN 22.8 billion in 2023, reflecting growing interest from both domestic and international investors.
“The completion of the Solage acquisition confirms a clear demand for more flexible and specialised financing solutions in the Mexican market. Our goal is to support robust projects with well-structured capital, strong governance and a long-term vision that can turn opportunities into tangible growth,” said César Urrea, who leads SilverBlue’s operations in Mexico.
At present, Solage is assessing profitable and sustainable investment opportunities exceeding MXN 170 million. Through this financial vehicle, SilverBlue continues to consolidate its platform in Mexico, reaffirming its commitment to operating under international standards of project analysis, risk management and corporate governance, while accelerating the country’s transition towards a cleaner and more efficient energy mix.
