Iberdrola completes the sale of its business in Mexico

The Dulces Nombres combined cycle power plant, in Mexico.

The transaction forms part of the Group’s strategy to prioritise investments in its regulated network businesses and generation operations with long-term contracts, as well as in key markets such as the United States and the United Kingdom
The scope of the transaction includes 2.6 GW of installed capacity, commercial operations and the portfolio of projects under development

Following receipt of the necessary regulatory approvals, Iberdrola has completed the sale of its business in Mexico. The scope of the transaction includes 2,600 MW of installed capacity currently in operation — 1,368 MW from combined-cycle and cogeneration plants, and 1,232 MW from wind and photovoltaic assets — as well as the commercial operations and the portfolio of generation projects, which the buyer intends to bring into operation in the future in line with its expansion plans in the country.

The transaction forms part of Iberdrola’s strategy to focus its investments on its regulated transmission and distribution network businesses and generation operations with long-term contracts, as well as on key markets such as the United States and the United Kingdom.

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