Iberdrola has officially closed the sale of all its assets in Mexico after receiving the necessary regulatory approvals. The transaction marks the end of a key stage for the company in the Latin American country, where it maintained a presence for more than two decades.
The scope of the transaction covers a total of 2,600 MW of installed capacity in operation. Of this figure, 1,368 MW correspond to combined cycle and cogeneration plants, while 1,232 MW come from wind and photovoltaic renewable assets.
In addition to the operating capacity, the sale includes the company’s commercial activity in Mexico and a portfolio of projects under development. These projects will be promoted by the buyer in accordance with its own energy expansion plans in the country.
An operation aligned with its global strategy
This divestment responds to Iberdrola’s strategy of prioritizing markets with greater regulatory stability and growth opportunities. In particular, the company is focusing its investments in power grids and generation with long-term contracts.
The United States and the United Kingdom have established themselves as the main destinations for the company’s capital. Both markets offer more predictable regulatory frameworks and favorable conditions for the development of large-scale energy infrastructure.
The move also reflects a structural change in the group’s capital allocation, which seeks to maximize risk-adjusted returns. The company intends to strengthen its positioning in regulated businesses, which are considered more stable in the face of the volatility of other segments.
Energy future of the sector in Mexico
Iberdrola’s exit opens a new stage in the Mexican energy sector, where local and international players could assume a more relevant role. The Federal Electricity Commission (CFE) could indirectly benefit from this market reconfiguration.
The buyer of the assets not only acquires installed capacity, but also a base to expand future generation. The portfolio of projects included in the transaction represents a strategic opportunity to increase the energy supply in the country.
In energy terms, the 2.6 GW sold represents a significant capacity within the Mexican electricity system. This volume allows us to measure the magnitude of the operation and its potential impact on the security and diversification of the national electricity supply.
Source and photo: https://www.iberdrola.com/