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Naturgy Faces Devaluation Amid Rising Renewables Competition
By Karin Dilge - Wed, 08/09/2023 - 09:36
Naturgy reports €$168million devaluation due to lower production at Mexican thermal plants, impacted by increased renewables competition.
https://mexicobusiness.news/tag/iberdrola
More Energy
Iberdrola Finalizes US$6B Deal to Relinquish Assets in Mexico
By Karin Dilge - Wed, 06/14/2023 - 01:57
The Spanish energy company announced the finalization of the agreement to sell a portion of its assets in Mexico to the government.
Sonora to Build LNG Plant; CRE Could Restart CEL Debate
By Perla Velasco - Thu, 05/11/2023 - 10:59
Mexico Pacific Limited will build a liquified natural gas plant in Sonora. This and more in the weekly roundup.
Dispute Between Iberdrola, Mexican Government Continues
By Anmol Motwani - Tue, 05/09/2023 - 10:15
While Iberdrola sold its power plants to the Mexican government, the dispute over the sale of energy without a permit continues.
Next Energy Still Dealing With Bad Streak
By Eliza Galeana - Wed, 04/19/2023 - 20:54
Catch up with the week’s most important energy news. Do not miss your weekly Energy Roundup!
Mexico to Increase Its Dependence on Natural Gas Imports
By Anmol Motwani - Wed, 04/19/2023 - 16:22
Natural gas imports are expected to grow with CFE’s new plants. However, increased dependence on imports puts the country at risk, say experts.

Private Banks Could Pay for the State’s Purchase of Power Plants
By Paloma Duran - Tue, 04/18/2023 - 10:26
BBVA, Santander and Bank of America have announced that they could jointly finance the US$6 billion agreed upon in the purchase of Iberdrola's plants.
Iberdrola Investment Will Pay Off: López Obrador
By Anmol Motwani - Fri, 04/14/2023 - 13:27
The US$6 billion investment, will account for approximately 80% of the Spanish giant’s energy business in Mexico.
CFE to Generate 65% of Energy by 2024: López Obrador
By Karin Dilge - Thu, 04/13/2023 - 09:00
López Obrador is doubling efforts to increase CFE´s energy generation capacity.
Plant Purchase Opens New Possibilities for the Energy Sector: AME
By Eliza Galeana - Wed, 04/12/2023 - 22:41
AME pointed out that the recent purchase of Iberdrola’s power plants can open new opportunities for the private energy sector in Mexico.