Mirova commits up to USD 15 million to Bright, accelerating sustainable energy in Mexico
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces a commitment of up to USD 15 million in senior secured debt to Bright Exchange SAPI de CV (“Bright”), one of Mexico’s leading distributed energy developers. This transaction marks Mirova’s first investment in Latin America through its strategy dedicated to energy transition in emerging markets, paving the way for further transactions in the region.
The USD 15 million facility will be provided via a trust structure, secured by solar asset receivables in Mexico. The financing will support Bright’s mission to expand access to clean, reliable and affordable energy and strengthen its role in advancing Mexico’s renewable energy landscape.
Founded in 2014, Bright has established itself as a key player in distributed solar energy, with more than 43 MWp installed, 71 full-time employees, and over 6,000 clients served[1]. The company’s robust pipeline further underpins its growth trajectory and debt capacity under Mirova’s facility.
Mexico’s 2024 sectorial reform has reaffirmed the country’s target of reaching 33% renewable electricity by 2030[2] and restore a more favourable environment for private investment in clean energy. In this context, distributed solar solutions such as those developed by Bright are uniquely positioned to accelerate the diversification and decarbonization of Mexico’s energy mix, supporting both national climate commitments and local sustainable development. This investment will enable Bright to accelerate the deployment of distributed solar assets, directly contributing to environmental sustainability, the fight against climate change, and grid reliability in Mexico.
Bright has attracted investment from reputable institutions including Impact Fund Denmark, IDB Invest, Altum Capital, and leading venture capital firms such as First Round Capital, Y Combinator, JB Straubel, Daniel Servitje, and other top firms. The company is currently progressing through a Series D funding round of USD 30–60 million, expected to close in the first half of 20261, to support the scale-up of its sustainable energy solutions platform for business customers in Mexico.
We are grateful to partner with Mirova. This facility marks a turning point, enabling Bright to accelerate solar-and-storage deployments across customer segments. Mirova’s commitment strengthens our plan to build a sustainable energy-infrastructure platform in Mexico and positions us favorably for our upcoming Series D.
This first transaction in Latin America for our strategy marks a pivotal step for Mexico’s energy sector. By partnering with Bright, we aim to accelerate the country’s clean energy transition while opening access to a high-potential market for our investors. We’re proud to support Bright’s mission and contribute to Mexico’s energy diversification — and we hope this transaction will spark further momentum across the region.
[1] Source: Bright
[2] Source: IEA, 2024
This press release is for informational purposes only and does not constitute financial or investment advice. The information provided reflects the stakeholders’ opinion / the situation as of the date of this document and is subject to change without notice.
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