Mexico has introduced a system of Clean Energy Certificate (CEL) obligations on GHG-emitting power generators, and many of the sugar mills are excellently positioned to participate in this new market, however, grid connection is a main barrier. The location of the sugar mills pre-determines the location of co-generation facilities, and their distance to the grid connection points often makes the investment unviable. Through financial engineering targeted at eliminating the financial grid connection barrier, the NAMA Support Project (NSP) will increase potentially viable co-generation investments, thus significantly increasing the overall investment probability. The NSP will inject grants (USD 15m), matched by national contributions, into a facility to finance grid connection investments. Mechanisms then increase financial viability, and costs are covered through grid transmission fees. The NSP aims to leverage USD 740m in private investment, reducing up to 710.000 t CO2e annually.