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

Spanish energy company Cox has announced a strategic investment of over US$10.7 billion in Mexico's energy sector for the 2025–2030 period. This historic commitment, celebrated by Mexico's SENER, includes the acquisition of assets from Iberdrola in the country.

The acquisition from Iberdrola, valued at about US$4.2 billion, encompasses 15 operational power plants with an installed capacity exceeding 2,600MW and a generation portfolio of over 20TWh annually. SENER welcomes Cox's interest in the Mexican energy sector, highlighting the company's profile as aligning with Mexico's energy expansion plans and the goals of Plan México.

The operation garnered support from major international banking institutions, including Citi, JP Morgan, Bank of America, BBVA, and Santander. SENER says that this demonstrates global capital's confidence in Mexico's economic and legal environment. The ministry underlined that this acquisition and Cox's projected investment program reflect confidence and certainty in Mexico's medium and long-term outlook, based on the legal security and stability offered by the new national energy sector regulatory framework.

SENER reiterates its support for these strategic investments, noting they contribute to consolidating Mexico's energy transition, clean energy generation, and national energy security.