Iberdrola Eyes Mexico Exit; CFE Hits Record Half-Year Revenues

Spanish energy giant Iberdrola is reportedly preparing to fully exit Mexico’s power market, according to anonymous sources cited by Spanish outlet El Confidencial. The company has allegedly hired Barclays to coordinate the sale of its remaining 15 power plants, valued at around US$4.7 billion.

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Iberdrola Could Exit Mexico Through US$4.7B Power Plant Sale

The news follows the company’s landmark 2024 sale of 55% of its Mexican assets to the federal government for US$6.2 billion, a deal the administration framed as a “new nationalization” of the electricity sector.

Cox Allegedly Bids US$4.69 Billion for Iberdrola’s Mexican Assets

Spanish renewable energy and water company Cox has reportedly submitted a €4 billion (US$4.69 billion) bid to acquire Iberdrola’s remaining energy assets in Mexico, according to Spanish outlet El Confidencial, which cites anonymous sources close to the talks.

CFE Reports Historic Half-Year Revenue in 2025

CFE reported MX$174.7 billion in revenues for the second quarter of 2025, bringing total revenues for the first half of the year to a record MX$339.7 billion, a 5.6% increase compared to the same period last year. The figure marks the highest half-year income in the company’s history, driven largely by rising electricity demand and higher fuel prices.

Venture Global Funds CP2 LNG Phase 1, Eyes 2027 Operations

Venture Global successfully closed a US$15.1 billion project financing for the first phase of its Venture Global CP2 LNG project and the associated CP Express Pipeline. This marks the company's third project and represents what it states is the largest standalone project financing ever.

Seraphim, SPIC-Zuma Energía Launch Joint Solar Projects in Mexico 

Solar module manufacturer Seraphim joins forces with SPIC-Zuma Energía, a solar park generator, developer, and operator in Mexico, to supply and instal solar modules at two key solar parks in Mexico: Santa Maria in Chihuahua and Orejana in Sonora.

CFE Strengthens National Grid With Six Reliability Measures

As part of its efforts to reinforce the National Transmission Grid (RNT), Mexico’s CFE has carried out six targeted reliability actions to ensure continuous and efficient energy delivery across the national network. These measures, implemented by the company’s Transmission division, are aimed at reducing outage risks, modernizing aging infrastructure, and improving operational safety.

Mexico Approves Panabá 1B Wind Farm in Yucatan

The National Energy Commission (CNE) has authorized the construction of the Panabá 1B wind farm in the municipality of Panaba, Yucatan. The project, developed by Vientos de Panabá, a Mexican subsidiary of Spain's Elecnor, aims to utilize the region's wind potential for renewable energy generation. 

US Threatens IEA Withdrawal Over 'Politicized' Energy Forecasts

The United States is considering a significant shift in its relationship with the International Energy Agency (IEA), potentially withdrawing from the Paris-based organization or forcing a reform of its forecasting methodology. US Energy Secretary Chris Wright indicated that the Trump administration views the IEA's energy transition projections as "unrealistic" and "politicized," clashing with the administration's focus on fossil fuels as a core component of energy security.

DEMEX Defaults on Bond Issued in 2015 Due to Lack of Liquidity

Mexican wind energy company Desarrollos Eólicos Mexicanos de Oaxaca 1 (DEMEX) announced that it failed to make a scheduled interest and principal payment on its peso-denominated bond “DMXI 15,” which was due on July 25, citing liquidity issues tied to operational challenges at its wind farm in Oaxaca.