Adobe Capital, trough it’s second impact investment fund Adobe Mezzanine Fund II, announces its investment in HEG
On August 9 Adobe Capital portfolio welcomed HEG, a company dedicated to the development of solar energy generation projects in Mexico.
The investment, alongside ST Capital, follows Adobe Capital’s innovative approach on mezzanine instruments, and aims at strengthening the growth and expansion of HEG. Within the framework of the energy reform to generate 35% of electricity in Mexico through renewable sources by the year 2024, HEG trough the generation of clean energy will avoid the emission of near to 1,570,000 tons of CO2, equivalent to the emissions of 369,000 people in the coming years.
"The key to the success of a project is a solid and cordial relationship with the inhabitants of the communities where the projects are installed. This relationship must be based on agreements that benefit the developer as much as the local inhabitants, "said Alonso Álvarez, Director of HEG.
With this investment, Adobe Capital continues to consolidate as the leading fund in Latin America, focused on driving the growth of companies with social and environmental impact with innovative, cost-effective and scalable models.
Alejandra Revueltas, Portfolio Manager email@example.com