Exagon acquires SunRoof to expand C&I solar in Latin America

Exagon Impact Capital, a US-based clean energy investment firm, has acquired a controlling stake in SunRoof through its Exagon Latin America Fund I. The transaction marks the second portfolio investment by the fund, which targets scalable renewable energy businesses across Latin America. SunRoof, founded in 2016, is based in Mexico and Chile and provides solar and battery storage solutions to commercial and industrial clients using the ESCO model. The company has signed long-term, US dollar-denominated PPAs with firms in the food, beverage, and tire manufacturing sectors. SunRoof uses a build-and-hold strategy and employs patented autonomous panel cleaning technology to reduce water use and improve output. According to Exagon Impact Capital, the investment is intended to support SunRoof’s regional expansion amid rising demand for corporate decarbonization across industrial sectors.