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They Caused Tariffs Out of Iberdrola, They Say
19 Articles
19 Articles
The departure of Iberdrola from Mexico to focus its business in the United States could be due to the uncertainty caused by tariffs and the exchange rate, because the companies to which it sells energy are not making long-term contracts, I think Eddy González Altamirano, specialist in the wholesale electricity market in the company Eleia. "There are industries that have a bit of uncertainty to hire electricity in the wholesale market, such as th…
President Claudia Sheinbaum Pardo said that Iberdrola would not have to withdraw from Mexico if there is legal certainty in the country “and the current rules are very clear so that they can be developed.”
President Claudia Sheinbaum said that Iberdrola would have no reason to withdraw from Mexico, and attributed the rumors to unconfirmed reports from Spanish media that mention the sale of 15 renewable plants, valued at about 4 billion euros, in the face of supposed concerns for the legal and fiscal stability of the country. During the morning conference, Sheinbaum stated that the regulatory framework for private investment in electricity generati…
The purchase from Iberdrola of 13 power plants for $6.2 billion was the business of the six-year-old López Obrador. “The second nationalization of the electrical industry” as AMLO baptized it was an open lie
Iberdrola no longer sees Mexico as its biggest stake. While in 2019 the company invested 6% of its capital in the country, today it only reaches 1% of its total investments, this is about 173 million euros, according to the presentation of semi-annual results of the company. In this context, now the biggest bet of Iberdrola is centered in the United Kingdom, with 32.2% of the investments, followed by the United States with 29.2%, Brazil with 14.…
According to the World Justice Project 2023, Mexico ranks 116 out of 142 countries in the rule of law. Iberdrola invested 4 million euros in renewable energy projects in Mexico. Legal confidence in Mexico is once again at the center of the debate following the recent movements of Iberdrola. That is, Spanish energy announced global investments of more than €5.6 billion in the first half of 2025, but spent just 4 million on projects in Mexico, a c…
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