- Iberdrola Mexico will invest more than $2.8 billion in electrical power generation projects across the country in the 2018-2022 period.
- In addition to the eight projects currently under construction, new investments will also supply another 2,000 megawatts.
Iberdrola, Mexico’s largest private electrical power producer, is reaffirming our commitment to Mexico with the announcement of some $2.8 billion in new investment during the 2018-2022 period, according to the information presented today in the company’s Strategic Plan.
Iberdrola Mexico will be adding an additional 2,000 megawatts to our eight projects already under construction, which account for 4,000 megawatts, giving us a total capacity of more than 11,000 megawatts by 2022, when Iberdrola will be producing more than 20 percent of the electricity used in Mexico.
With almost 20 years of experience in the country, Iberdrola has consistently increased investment, becoming the foremost private power producer, with more than 6,000 MW of capacity across 17 plants in operation.
In just the last year and a half, Iberdrola began operations at two combined cycle plants in the states of Nuevo León and Baja California and two cogeneration plants in the states of Tamaulipas and Querétaro, allowing for an increase in production capacity of more than 10% and the achievement of a production record of 41 TWh in 2017.
Improved results have also been made possible thanks to an increase in business activity for sale to the industrial sector, where Iberdrola Mexico already boasts more than 1,500 interconnection points and more than 9 TWh provided in 2017.
For Iberdrola Mexico General Director Enrique Alba, “Mexico is a priority market for Iberdrola, whose presence in the country is based on a long-term vision and on a commitment to guaranteeing our customers dependable, competitive and environmentally respectful power supply.”
Among our new projects for the coming years, Iberdrola Mexico plans to construct at least one new combined cycle and several cogeneration projects, which represent an estimated investment of over $600 million, adding to the four combined cycle plants already under construction, Noreste and El Carmen in Nuevo León and Toplobampo II and III in the state of Sinaloa.
With regard to renewable projects, Iberdrola is currently constructing four facilities, which will provide a total of 595 megawatts (MW) of power and represent an investment of some $780 million.
Specifically, ongoing are the wind projects PIER (220 MW) and Santiago Wind (105 MW), located in the states of Puebla and Guanajuato, respectively, and the photovoltaic solar parks Hermosillo (100 MW) and Santiago Solar (170 MW) in the states of Sonora and San Luis Potosí, respectively.
For more information about Iberdrola Group results and the 2018-2022 prospectus, visit
- Prospectus 2018-2022 – We present our growth from 2018 to 2022 (SEE INFOGRAPHIC)
- Key Information – A look at our key numbers for fiscal year 2017 (SEE INFOGRAPHIC)
- Social Responsibility – A look at the results achieved through our commitment with society and sustainable economic development (SEE INFOGRAPHIC)