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Spanish Energy Giant Iberdrola to Sell US $5B in Assets, Exit Mexico
MEXICO, JUL 23 – Iberdrola exits Mexico due to legal, tax, and policy pressures as the government enforces constitutional reforms limiting foreign ownership to 46%, shifting energy control to the state.
- Iberdrola, Europe's largest energy company, is planning to divest its entire portfolio of 15 renewable power facilities in Mexico as part of its exit from the country, according to reports from 2025.
- This exit follows Mexico's late 2024 policy shift toward state control, including constitutional reforms and legislation requiring CFE to generate at least 54% of grid electricity.
- The sale involves around 2,600 megawatts of wind, solar, and cogeneration assets, valued at approximately US $4.7 billion, with 55% previously sold to the government for $6 billion.
- Then-President López Obrador called the acquisition a “new nationalization” as the government centralized grid control under CFE and eliminated independent regulators.
- Iberdrola's departure ends a decade of foreign-driven growth in Mexico’s power sector, signaling increased investment risks and a move to a government-led energy system.
30 Articles
30 Articles
Spanish energy giant Iberdrola to sell US $5B in assets, exit Mexico
Iberdrola, Europe’s largest power company, has hired investment bank Barclays to sell all 15 of its renewable energy plants in Mexico in an effort to exit the country, the Spanish news website El Confidencial reported Wednesday. Citing anonymous sources close to the deal, El Confidencial said Iberdrola is looking to sell due to concern about Mexico’s financial and legal stability. Six wind farms are among the assets that Iberdrola is selling thr…
The Spanish company Iberdrola invested €5,662 million around the world during the first half of 2025, a historical figure for a similar period, however, Mexico ceased to be an attractive destination for its investments, so the company prefers to increase its presence in other countries such as the United Kingdom and Brazil, according to data from the company's quarterly report.In detail, Mexico represented only 1% of the investments made by the …
Mexico City.- Iberdrola, the largest European electricity company, has hired the investment bank Barclays to sell 15 renewable energy plants in Mexico in order to leave the country, reported on Wednesday the Spanish news website El Confidencial, citing anonymous sources close to the operation. Iberdrola’s assets are valued at about 4 billion euros (4 billion dollars), said El Confidencial, adding that the electricity company seeks to sell in the…
Iberdrola Clears Out of Mexico: State Control Redraws the Energy Map
Europe’s largest utility, Iberdrola, hired Barclays to manage the sale of its last 15 renewable power plants in Mexico. With assets valued at around €4 billion ($4.7 billion), this move signals the final step in the company’s exit from the country. Official records confirm that Iberdrola already agreed to sell 55% of its Mexican portfolio […]
Reports from the Spanish press indicate that the company Iberdrola would leave the Mexican market, where it has assets of almost four billion dollars, in front of a supposed "lack of legal certainty" that President Sheinbaum rejected. The post Iberdrola would not have to leave Mexico; the rules are clear, answers Claudia first appeared on SinEmbargo MX.Read the full text in sinembargo.mx
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Once NoticiasThe president of Mexico, reported that it is not yet confirmed that the energy company Iberdrola leaves the country for lack of legal certainty, “it would not have to, because in any case, because they are very clear what the current rules are so that they can be developed,” she said. In the framework of the morning conference, the head of the federal executive explained that Iberdrola operated through self-sufficiency societies that are illegal…
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