Cox, Iberdrola Shake Up Market as Wind Projects Stall

Iberdrola has agreed to sell its Mexican operations to COX ABG Group for roughly US $4.2 billion, covering 15 power plants totaling 2.6GW (1,368MW combined cycle/cogeneration and 1,232MW wind/solar). The deal includes operational and development assets, with additional payments contingent on project completions and regulatory approval. 

Ready for more? Here is your weekly roundup!

Iberdrola Sells Mexican Assets for US$4.2 Billion

The purchaser, COX ABG Group, intends to operate these assets and develop the project pipeline in line with its expansion plans in Mexico and the frameworks established by the Mexican government to promote new generation. Additional payments to Iberdrola will be made as these development projects are completed, beyond the initial US$4.2 billion agreed.

Cox to Invest Over US$10 Billion in Energy Projects in Mexico

COX ABG Group has pledged more than US $10.7 billion in new energy investment in Mexico between 2025–2030, anchored by its US $4.2 billion acquisition of Iberdrola’s assets. The commitment includes 15 power plants totaling over 2,600 MW and backed by major global banks. SENER states this underscores confidence in Mexico’s energy strategy and governance.

SENER Welcomes Cox to Energy Market

SENER has endorsed COX’s acquisition of Iberdrola Mexico’s 2,600 MW+ asset portfolio, valued at US $4.2 billion, and welcomes its US$10.7 billion investment commitment through 2030. The ministry says this reflects confidence in Mexico’s legal and regulatory framework under Plan México and reinforces the country’s expanding renewable energy goals. 

CFE Establishes Internal Energy Efficiency Committee

On July 29, CFE launched its Internal Energy Efficiency Committee (CIEE), kicking off the 2025–2030 Energy Efficiency Program alongside CONUEE. The initiative targets energy savings across generation, transmission, buildings, and fleets, promotes best practices with clients and suppliers, and aims for ISO 50001 certification to boost sustainability and cost-efficiency. 

CFE Chief Pledges Zero Tolerance for Corruption, Inequality

At a regional ethics and gender‑equality forum, CFE Director General Emilia Calleja declared a strict zero‑tolerance stance against corruption, discrimination, and inequality. Framed as part of national governance efforts, the meeting also recognized CFE’s role in public service and paid tribute to its civil engineering team involved in the El Pinabete mine rescue.

CFE Asserts Legal Certainty Amid Investor Concerns Over Risks

At the National Lawyer Convention on Aug. 1, CFE reaffirmed its commitment to legal rigor and public‑asset protection under its longstanding anti‑corruption program. The event served to reassure stakeholders of legal certainty in the power sector amid Iberdrola’s recent withdrawal, seen as linked to perceived regulatory instability.

Acciona Energía Reviews Mexican Assets Amid Exit Consideration

Acciona Energía is evaluating options for its 1,500MW Mexican renewable portfolio, including wind and solar projects such as the Oaxaca wind complex, due to its global asset-rotation strategy. Banks are reportedly exploring opportunities. This review follows Iberdrola’s exit and may signal strategic shifts after decades operating in Mexico. 

Ecovatio Opens 10MW Solar Park to Power Retail Sites

Mexican provider Ecovatio inaugurated a 10MW solar park in Aldama, Chihuahua, to power more than 30 retail outlets, offering reliable, customized, low-carbon energy delivery. The project is framed as a model for sustainable commercial infrastructure aligned with cost savings and the UN SDG for clean and affordable energy. 

Wind Power Idle Amid Mexico's Regulatory Uncertainty

Three fully built wind farms in Mexico, totaling 400MW, or over 5% of installed wind capacity, remain offline due to unresolved regulatory issues around grid interconnection. AMDEE and developers like EDF Renewables warn this bottleneck undermines renewable expansion, although the government aims for 45% clean power by 2030 contingent on stronger infrastructure and legal clarity.

Hermosillo Water Operator to Run on Solar Power

Hermosillo has become the first municipality in Mexico where the local water operator will be supplied with solar energy. This initiative is expected to result in a 20% reduction in electricity consumption and estimated annual savings of up to MX$30 million (US$1.6 billion). Mayor Antonio Astiazarán announced the details of the transition for Agua de Hermosillo, the municipal water operator.

Google Scales Back AI Power Usage to Counter Grid Strain

Google is scaling back its power usage for AI data centers as the US electrical grid becomes strained by a surge in demand, primarily driven by the growth of artificial intelligence. The company has announced new agreements with utility partners to implement "demand response" capabilities, a strategy that allows it to shift or reduce its power consumption during periods of grid stress.

CONAMER Exempts Self-Supply Permits From Impact Assessment

Mexico’s regulatory improvement body, CONAMER, approved a regulatory impact exemption for a new permitting framework covering power generation for self-supply projects with installed capacity between 0.7 and 20MW. The exemption was granted following a request made by SENER, which is seeking to simplify procedures for projects that fall within the new legal definition of self-supply under the country’s Electricity Sector Law (LESE).

CFE Defends Centralized Overhaul Amid IMCO Criticism

CFE pushed back against recent criticism from the Mexican Institute for Competitiveness (IMCO), defending its centralized planning model and broader social role within the country’s energy sector. IMCO’s CFE Restructuring: Centralization Risks report highlighted that CFE generation subsidiaries had accumulated debt of around MX$62 billion as of 2024.