LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

August 15, 2025

What’s Behind Iberdrola’s Decision to Leave Mexico?

Iberdrola last month agreed to sell its remaining power assets in Mexico to Grupo Cox, another Spanish utility firm. An Iberdrola wind farm in Puebla state is pictured. // Photo: Iberdrola.

Q

A

Dino Barajas, chair of the Project Finance Practice Group (Americas) at Baker Botts L.L.P.: “Grupo Cox’s entry into the Mexican energy market should be viewed as a strong vote of confidence in both near-term and mid-term opportunities. A significant transfer of assets by a sophisticated international investor underscores the view that, despite recent challenges, Mexico is again becoming an attractive destination for energy capital. For much of President Andrés Manuel López Obrador’s (AMLO) administration, federal energy policies dampened foreign investor enthusiasm, prioritizing state…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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