US EditionGrupo Mexico to Combine Power Generation Assets with BlackRock-Backed Saavi
The combined platform will operate 14 plants with 4,510 megawatts of capacity and nearly 5,000 megawatts in development, pending Mexican antitrust approval.
- On Monday, April 27, 2026, Mexican conglomerate Grupo México announced it will combine its power-generation assets with Saavi Energía, the country's largest private power producer owned by Global Infrastructure Partners .
- Billionaire Germán Larrea is refocusing Grupo México's portfolio, exiting passive toll-road concessions to concentrate on active power generation and infrastructure expansion.
- The new platform will operate 14 plants with 4,510 megawatts of installed capacity in high-demand industrial zones, plus a development pipeline of nearly 5,000 additional megawatts.
- Closing is expected in the third quarter of 2026, pending Mexican antitrust approval, with Grupo México retaining 70 percent of the combined entity and GIP holding 30 percent.
- The partnership provides GIP a domestic operating partner to navigate the Sheinbaum administration's energy framework, which favors state-run CFE but signals pragmatism toward essential private generation capacity.
19 Articles
19 Articles
Grupo México merges power assets with BlackRock-backed Saavi Energía in 4,500 MW deal
The Mexican conglomerate Grupo México announced plans on Monday to combine its power generation assets with Saavi Energía, a company controlled by Global Infrastructure Partners (GIP), a subsidiary of the world’s largest asset manager, BlackRock. According to a Grupo México press statement, the merger covers 14 power plants located in high-demand areas across Mexico, with a total capacity of 4,510 megawatts (MW). Further, the firm will take on …
Grupo México announced that its infrastructure division signed a definitive agreement to combine its energy generation assets with Saavi Energía, a firm that belongs in its entirety to the portfolio of Global Infrastructure Partners, part of BlackRock, with the objective of creating one of the most relevant private platforms in the energy sector in the country.According to an announcement sent to the Mexican Stock Exchange (BMV), the operation c…
Mexico City, 27 Apr (EFE).- Grupo México announced on Monday an agreement to unite its electricity generation assets with Saavi Energía, the firm of the portfolio of Global Infrastructure Partners (GIP), part of BlackRock, to create a private energy platform with 14 power plants in Mexico. The operation, still subject to regulatory authorizations, will leave Grupo Mexico with 70% of Saavi and GIP with 30%, according to the company at a relevant …
Grupo Mexico to combine power generation assets with BlackRock-backed Saavi
• Deal will create a power generation platform with 14 plants located across Mexico, with combined capacity of 4,510 megawatts and a growth pipeline of about 5,000 MW, Grupo Mexico said. • Saavi will be 70% owned by Grupo Mexico and 30% by Global Infrastructure Partners (GIP), which is part of BlackRock, once the transaction is completed.
Germán Larrea, the second richest man in the country, redoubles his commitment to the energy sector in Mexico, through an alliance with BlackRock, the world’s largest fund manager. The Mexican conglomerate, with businesses in infrastructure, transport and mining, announced Monday the combination of its assets with Saavi Energía, a company that is part of the portfolio of Global Infrastructure Partners, in turn, part of BlackRock. “The operation …
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