Overview

• Iberdrola has formally contracted Barclays to market the sale of 15 generation plants—six wind parks, three photovoltaic facilities and six combined-cycle units—totaling 2.6 GW and valued at around €4 billion.
• The transaction marks the last step in a pullback that began with the 2023 sale of a 55 percent stake in its Mexican business to the government for $6 billion.
• Company statements and filings cite concerns over shifting regulatory rules and legal uncertainty under recent energy reforms as the reason for exiting the Mexican market.
• During its Q2 2025 earnings call, CEO José Ignacio Sánchez Galán declined to comment on reports of the planned asset sale, maintaining public silence.
• President Claudia Sheinbaum said no official exit notice has been received and affirmed that Mexico continues to offer legal certainty for energy investors.