Terra Energy Raises MXN $500 Million Debt and Equity Financing for Solar Expansion
Gunderson Dettmer represented Terra Energy, a leading provider of residential solar energy in Mexico and the United States, in its MXN $500 million debt and equity financing led by Beel Infrastructure Partners. The new funding will enable Terra Energy to expand its operations in Mexico by installing and operating an additional 20MW+ solar portfolio. The company has already developed a 30MW portfolio of small-scale distributed generation assets across the country.
In the announcement of the transaction, Terra Energy Founder and CEO Luis Perez-Aguirre was quoted as “Highlighting the confidence investors have in Terra Energy’s unique subscription-based model. He noted that the funding will stabilize cash flow, consolidate the company’s position as Mexico’s largest residential solar provider, and support future growth.”
The Gunderson Dettmer deal team was led by Michael Allers and included Daniel Gallo and Chase Beckstead.
Companies
Terra Energy
Beel Infrastructure Partners