Iberdrola has sold its entire Mexican business to the Spanish company Cox ABG in a transaction valued at approximately $4.2 billion. The deal includes 15 renewable energy plants, comprising six wind farms and three solar parks, marking Iberdrola's exit from the Mexican market after 26 years. Iberdrola cited a strategic decision to focus on more profitable markets such as the United States and the United Kingdom, with no reported issues related to Mexico. Cox, specialized in water and renewable energy, plans to invest $10.7 billion in Mexico through 2030 and has secured backing from major international banks to support the acquisition and future investments. The transaction also includes Iberdrola's remaining debt in Mexico. Mexican authorities, including President Claudia Sheinbaum, have confirmed the departure as a business decision and highlighted Cox's strong reputation in the energy sector. The deal is expected to reshape the energy landscape in Mexico, with Cox emphasizing a long-term vision and confidence in the country's legal framework.