CFE mixed schemes
Private capital and CFE in the same project
- CFE stake
- ≥ 54%in mixed investment (LSE art. 40)
- Maximum term
- 30 yearsLSE Regulations, art. 73
- Allocated
- 8,026 MWin 38 projects (CFE, 2026–2030)
- To be allocated
- 4,151 MWCFE Development Program 2026–2030
CFE mixed schemes
Mixed and private generation schemes
Mexico's Electricity Sector Law allows power plants to be developed jointly by the State and private parties. Under mixed investment, CFE holds at least 54% of the project and private capital provides the rest, with terms of up to 30 years. GIS Power develops, builds and operates projects that can fit these schemes.
The legal framework
Electricity Sector Law, chapter VArticle 38 of the Electricity Sector Law (LSE) provides that power plants developed jointly by the State and private parties must use one of three schemes: long-term production, mixed investment, and any other scheme defined by the Regulations or by provisions issued by the Ministry of Energy (SENER).
These schemes must follow the binding planning programs that SENER issues for the National Electric System. The guidelines for mixed schemes were published in the DOF on 28 January 2026.
When it is not a fit
- If your goal is to supply your own plant: self-supply exists for that, with no state partner.
- If, as an investor, you need majority control of the project: under mixed investment, CFE holds the majority.
- If the project does not fit the binding planning of the National Electric System.
Mixed investment
The rules of mixed investment
What the Law and its Regulations sayAt least 54% CFE
CFE must hold a direct or indirect stake of at least 54% in the project (LSE art. 40 sec. I).
On common share capital
That 54% is measured on common share capital and must be formalized within 180 business days after the start of commercial operation (Regulations, art. 85).
Up to 30 years
Mixed schemes have a maximum term of 30 years (Regulations, art. 73).
CFE buys preferentially
CFE may acquire, on a preferential basis, the energy and associated products produced (LSE art. 40 sec. II).
Market sales through CFE
Energy CFE does not use can be sold in the Wholesale Electricity Market with CFE as representative (LSE art. 40 sec. III).
Binding planning
The project must follow SENER's planning programs (LSE art. 38).
Electricity Sector Law, DOF 18-Mar-2025, arts. 38 and 40; LSE Regulations, DOF 3-Oct-2025, arts. 73 and 85. Not to be confused with the 54% of injected energy in art. 12.
In a mixed scheme, private capital can reach 46%, with terms of up to 30 years
CFE’s minimum stake in mixed-development generation projects.
Takeaway
The law opens the door to private capital as CFE’s minority partner, with a public counterparty and an infrastructure horizon.
Electricity Sector Law, art. 40 (DOF Mar 18, 2025); Regulations, art. 73 (DOF Oct 3, 2025).
The CFE program
Development Program 2026–20308,026MW
Allocated
Under mixed schemes.
4,897MW
Solar PV
30 projects.
3,129MW
Wind
8 projects.
4,151MW
To be allocated
Capacity pending allocation.
CFE, Development Program 2026–2030 (July 2026), pp. 27–29.
The role of GIS Power
Development, construction and operations on the private sideIn a mixed scheme, the private partner brings what makes the project work: site development, engineering, construction, financing of its share of the equity and long-term operations.
GIS Power develops projects under private schemes, such as self-supply and energy contracts with users, and under mixed schemes when the project and sector planning allow it. In both cases it applies its signature: solar generation with battery storage (BESS) and a project company structured under the applicable regulation.
- Development
Site, resource, permits, social impact and interconnection.
- Structuring
A project company (SPV) under the guidelines of the applicable scheme.
- Construction
EPC with one accountable party and financing of the private share.
- Operations
Construction and operations for the term of the contract.
Frequently asked questions
Is the 54% of the energy or of the project?
Of the project: CFE must hold at least a 54% stake, measured on common share capital (LSE art. 40; Regulations, art. 85). It is not the 54% of injected energy in art. 12 of the Law.
How long does a mixed scheme last?
Up to 30 years (LSE Regulations, art. 73).
Who buys the energy?
CFE may acquire it on a preferential basis. What it does not use can be sold in the Wholesale Electricity Market with CFE as representative (LSE art. 40).
Which technologies has CFE allocated?
According to its Development Program 2026–2030, 30 solar PV projects (4,897 MW) and 8 wind projects (3,129 MW), with 4,151 MW still to be allocated.
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