Greenwood Energy, the New York-based solar investor backed by the Libra Group conglomerate, will finance and own the projects, while Mexican renewables developer ILIOSS will provide all EPC and O&M services.

The power will be sold to “a diverse array” of unnamed customers under PPAs, the companies say.

Greenwood is aggressively targeting the Latin American solar market in places like Panama, Peru and Chile, with a pipeline stretching to 2GW.