The New Iberdrola in Mexico
Strategic fit
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IBERDROLA
The deal fits within 2023-2025 Iberdrola's strategy
Growth based on Networks and Renewables
Recycling capital towards rising growth in new opportunities in the US (IRA) and Europe (RePower EU and NZIA¹).
Increasing exposure to A rated geographies
Accelerating growth in Mexico through our 6 GW renewable pipeline with increased certainty
Full commitment to financial strength
>90% Asset rotation & Partnerships 2023-2025 targets already achieved, more than 2 years ahead of schedule
Improvement of financial ratios
ESG as the foundation of our model
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Acceleration of 2040 Net-Zero ambitions in scope 1 and scope 3 emissions
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Improving Iberdrola's emission free capacity to ~ 85% from ~70%
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Strengthening relationships with the Mexican Government and regulator
1. Net Zero Industry Act
2. Including PNM transactionView entire presentation