Kiwapower
Kiwapower is a Mexico City-based solar-energy-as-a-service provider that finances, installs, owns and operates on-site solar PV systems (up to 500 kW) for Mexican commercial and industrial customers under 10-20 year PPAs, backed by Marubeni Corporation and Becquerel Capital.
- Company typePrivate
- Founded2020
- HeadquartersMexico City, Mexico
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Kiwapower does
Kiwapower S.A.P.I. de C.V. is a Mexico City-based, privately held independent power producer founded in January 2020 and launched in July 2020 as a joint venture between Marubeni Corporation (Japan, Fortune Global 500) and Becquerel Capital (a Mexican renewable energy specialist founded in 2013). The company sells a single integrated product — a Solar Energy Supply Agreement (solar PPA) — under which Kiwapower finances, installs, owns, operates and maintains an on-site solar photovoltaic system on a customer's rooftop or parking area for 10-20 years, charging a fixed per-kWh rate in Mexican pesos. The model is regulated under Mexico's Distributed Generation framework with net metering integration, and each installation is capped at 500 kW per system under current Mexican rules.
Underlying technology is conventional commercial-grade crystalline silicon PV with grid interconnection at the customer's CFE service point; engineering, procurement, construction and ongoing O&M are executed through Kiwapower's in-house team plus a nationwide network of partner installer firms. The core commercial proposition — zero upfront capital expenditure, no maintenance burden, and transfer of the asset to the customer at contract end — is structurally similar to global C&I solar PPAs but is differentiated in Mexico by the Marubeni balance sheet, a $30M BBVA Mexico green revolving credit facility, and accumulated CFE interconnection know-how.
Kiwapower targets Mexican commercial and industrial customers with average monthly CFE bills of 100,000 pesos or more, spanning Japanese-affiliated manufacturers (Murakami, Shoei, Hajime, Aceros Dondisch), hospitality (Marriott Ixtapan and Courtyard Marriott Queretaro), and other large electricity users. Go-to-market combines enterprise direct field sales (free indicative proposal built from satellite imagery and CFE bill review), inbound multilingual web leads (Spanish, English, Japanese), partner referrals through Marubeni's Japanese business network and Asolmex membership, and channel-partner-installed deployment. Revenue is generated per kWh delivered under long-duration PPAs, with at least one early-purchase option in the contract template.
Kiwapower firmographics
Firmographics- Name
- Kiwapower
- Legal name
- Kiwapower S.A.P.I. de C.V.
- Website
- https://kiwapower.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Kiwapower is a Mexico City-based solar-energy-as-a-service provider that finances, installs, owns and operates on-site solar PV systems (up to 500 kW) for Mexican commercial and industrial customers under 10-20 year PPAs, backed by Marubeni Corporation and Becquerel Capital.
- Ownership category
- akta.pro rank
Kiwapower industry classification
Industry- Product category
- Solar Energy Services
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Electric Services (4911)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
Keywords
Where Kiwapower is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Offices2 records
Markets served
Kiwapower business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Solar Energy Supply (PPA): Kiwapower installs, owns, operates and maintains solar systems at customer facilities. Customers pay a simple, competitive and transparent charge per kWh of solar energy generated. No upfront investment or maintenance costs. At contract end, system transfers to customer. Contract terms range from 10 to 20 years. Early purchase option available.
- BBVA Green Credit Facility: $30 million USD revolving sustainable working capital credit over 3 years to finance installation of 100 solar photovoltaic systems up to 500 kW each. This provides growth capital for deployment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | PPA model - pay per kWh generated |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Kiwapower product offering
Product offeringCore offering
Kiwapower is an independent electricity producer that designs, finances, installs, owns, operates, and maintains on-site commercial-grade solar photovoltaic (PV) systems on the rooftops or parking areas of commercial and industrial customers in Mexico. Under 10-20 year Solar Energy Supply Agreements (PPAs), clients pay a fixed, predictable rate per kWh of solar electricity generated, with zero upfront investment, zero maintenance costs, and full ownership transfer at contract end.
Product overview
Kiwapower is an independent electricity producer offering a single unified product: Solar-Energy-as-a-Service through Solar Energy Supply Agreements (PPAs). Under these agreements, Kiwapower installs, owns, operates, and maintains commercial-grade solar photovoltaic systems on clients' rooftops or parking areas. Clients pay a competitive, transparent rate per kWh with zero investment and zero maintenance. The core Solar PPA product is supplemented by a Net Metering feature that allows excess solar energy to be credited back through Mexico's Distributed Generation regulation. Kiwapower's model is backed by Marubeni Corporation and Becquerel Capital, serving commercial and industrial customers in Mexico with monthly CFE bills of 100,000 pesos or more.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar Energy Supply Agreement (Solar PPA) A medium-to-long-term solar energy supply contract (10-20 years) under which Kiwapower installs, owns, operates and maintains an industrial-grade solar photovoltaic system on the client's rooftop or parking area. Clients pay a fixed, predictable rate in Mexican pesos per kWh for solar electricity generated, with no upfront investment or maintenance costs. At contract end, the fully operational solar system transfers to the customer for free clean electricity. Targets commercial and industrial businesses in Mexico with average monthly CFE bills of 100,000 pesos or more.
Quantifiable outcome
- 542 tonnes CO2 reduced per 500 kW system per year (equivalent to 9,000 trees)
- +4 more outcomes
Companies that use Kiwapower
Customer profileNamed customers6 records
Segments1 record
Kiwapower technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Kiwapower partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Mexican Solar Energy Association (Asolmex)minorKiwapower Director Santiago Morales serves as a board member of the Mexican Solar Energy Association (Asolmex). Membership organization for solar energy industry in Mexico.
- Local Solar Installation CompaniescoreKiwapower partners with a network of selected local solar installation companies across Mexico who build and maintain solar systems on behalf of Kiwapower. Distributed systems provide more jobs per installed MW than larger centralized power plants.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Kiwapower competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key highlights7 records
Customer concentration
Kiwapower social profiles
Digital presenceKiwapower financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kiwapower leadership team
Management profileNumber of profiles
Kiwapower funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kiwapower M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kiwapower
What does Kiwapower do?
Kiwapower is an independent electricity producer that designs, finances, installs, owns, operates, and maintains on-site commercial-grade solar photovoltaic (PV) systems on the rooftops or parking areas of commercial and industrial customers in Mexico. Under 10-20 year Solar Energy Supply Agreements (PPAs), clients pay a fixed, predictable rate per kWh of solar electricity generated, with zero upfront investment, zero maintenance costs, and full ownership transfer at contract end.
Is Kiwapower a public or private company?
Kiwapower is a private company. It is classified as corporate owned and is currently operating.
When was Kiwapower founded?
Kiwapower was founded in 2020. It employs 11 to 50 people.
Where is Kiwapower based?
Kiwapower is headquartered in Mexico City, Mexico, in the Latin America region.
How does Kiwapower make money?
Two revenue lines are on record. Solar Energy Supply (PPA) is the primary driver. The others are BBVA Green Credit Facility.
Does Kiwapower have an API?
No public API is recorded for Kiwapower.
What industry is Kiwapower in?
Kiwapower's product category is Solar Energy Services. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUAGADAB, Utility-Scale Generator PPAs (Project Offtake). Its NAICS code is 221114 and its SIC code is 4991.