Overview
- The $4.2 billion purchase of 15 Iberdrola plants in Mexico awaits final antitrust and energy-market clearances projected for Q1 2026.
- Once approved, Mexico will represent roughly 50 percent of Cox Energy’s global installed capacity, revenues and EBITDA.
- Cox has allocated $4 billion to new renewable generation paired with battery storage through 2030.
- The firm plans to invest $2.5 billion in an industrial hub in Veracruz and water projects including six desalination plants.
- Following Mexico’s 2024 energy reform, Cox intends to divest from non-core markets and concentrate growth on seven strategic regions, led by Mexico and Chile.