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Cox plans to invest an additional US$6 billion in Mexico between 2025 and 2030, targeting renewable power, energy storage and water infrastructure as industrial expansion increases demand for essential resources.
The program includes plans to expand electricity generation and develop water facilities. It represents projected investment, not money already deployed, and is not a new announcement made exclusively in November 2026.
Enrique Riquelme, Cox's Executive Chairman, reaffirmed the commitment at the 2026 International Economic Forum on Latin America and the Caribbean, organized by CAF, according to a company statement. The Mexico allocation forms part of investments exceeding US$7 billion that Cox announced across Latin America, including projects in Ecuador and Chile.
Cox's expansion in Mexico is linked to the acquisition of power generation assets previously operated by Iberdrola, a transaction announced at US$4.2 billion.
Mexico's Ministry of Energy (SENER) said the transaction included 15 power plants with installed capacity exceeding 2,600 megawatts (MW) and a generation portfolio producing more than 20 terawatt-hours (TWh) annually.
Further growth is planned through mixed public-private arrangements with the Federal Electricity Commission (CFE). According to El Economista, Cox secured projects representing at least 1,000 MW of renewable energy capacity. The company expects those developments to raise its installed generation capacity in Mexico by approximately 38%, reaching 3,600 MW.
José Antonio Hurtado, CEO of Cox México, said in September 2026 that the projects were expected to operate under 20-year agreements. Further adjustments were still needed before formalization.
According to Agencia EFE, the broader investment plan prioritizes renewable generation, energy storage systems and water infrastructure. Cox also seeks to work with the Mexican government and serve private companies with substantial energy and water needs.
Water infrastructure is another major component of the plan. In August 2026, Cox announced that it had secured a contract to build the Rosarito desalination plant in Baja California, with an announced contract investment of US$304 million.
The first phase is expected to produce 2,200 liters per second, equivalent to approximately 190 million liters of drinking water per day. A subsequent phase could double capacity to 4,400 liters per second, making the facility one of Latin America's largest desalination plants for human consumption, according to company projections.
Part of Mexico's National Water Plan, the project aims to strengthen supplies in Tijuana and Playas de Rosarito. The official Proyectos México platform lists September 2026 as the contractual construction start and August 2029 as the scheduled completion.
Manufacturing expansion, industrial parks and rising electricity demand are creating additional infrastructure requirements in Mexico. Cox identifies the country's commercial integration with North America and renewable energy potential as reasons for its long-term investment interest.
Cox de México's third-quarter 2026 financial report, published on October 29, said Cox Asset México completed an US$800 million issuance of subordinated hybrid securities in September. The proceeds went toward prepaying bank financing associated with its capital structure.
The financing activity is distinct from delivery of the broader investment program. Announced spending does not mean every project has been contracted, financed or brought into operation. Execution of the US$6 billion plan will depend on market conditions, capital availability and the technical and economic feasibility of individual projects.
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