Grupo Mexico combines power assets with Saavi Energia to form 4,510 MW platform
Updated
Updated · MarketWatch · Apr 27
Grupo Mexico combines power assets with Saavi Energia to form 4,510 MW platform
5 articles · Updated · MarketWatch · Apr 27
The deal creates a platform with 14 power stations in Mexico and a pipeline of 5,000 MW in growth projects.
Grupo Mexico will hold 70% of Saavi Energia after the transaction, while Global Infrastructure Partners, part of BlackRock, will own 30%.
The alliance is expected to close in the third quarter and aims to foster long-term collaboration in infrastructure projects in Mexico and internationally.
How will a US investment giant like BlackRock navigate Mexico's nationalist energy policies?
Will this deal solve the energy crisis threatening Mexico's booming nearshoring and data center industries?
What protects BlackRock's massive investment from future shifts in Mexico's volatile energy regulations?
Can private capital succeed where Mexico's state-run utility has failed to meet soaring power demand?
Will this new power giant prioritize green energy or repeat its controversial US environmental record?