Largest Solar Project in the Americas Moves Forward

Two phases have already been completed and are generating electricity. The first phase entered into operation on April 30, 2023, producing 120 MW of clean energy for the city of Puerto Peñasco. The second phase began operations on September 14, 2024, adding an installed capacity of 300 MW, which is supplied to the city of Mexicali, Baja California. Development of Phase III is currently underway.

Upon completion of all four construction phases, the project will reach 1,000 megawatts (MW) of installed capacity, plus 246 MW through a Battery Energy Storage System (BESS), making it the largest solar power plant in the Americas and the fifth largest worldwide.

Source: Federal Electricity Commission (CFE)

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Record Level of Foreign Direct Investment

The Ministry of Economy reported that, as of the end of 2025, Mexico received USD 40,871 million in Foreign Direct Investment (FDI), the highest level recorded in a single year. This result represents 10.8 percent growth compared to the figure originally published at the close of 2024, thereby maintaining an upward trend for the fifth consecutive year.

With this outcome, Mexico is positioned as a strategic destination for global productive capital, particularly in a context in which FDI flows to developing economies declined by 2 percent in 2025, according to estimates by the United Nations Conference on Trade and Development (UNCTAD).

Source: Ministry of Economy

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Deadline extended for registration of mixed investment energy projects

The Federal Electricity Commission (CFE) announced that, as part of the First Institutional Process for Mixed Investments, which marks the beginning of a new stage in Mexico’s energy transition, the registration period for projects has been extended until Feb. 27, 2026.

Through the promotion of solar and wind systems as technologies to strengthen reliability and efficiency, progress is also being made toward decarbonization in order to achieve emissions reduction targets.

Source: CFE

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Construction of the passenger rail network advances

  • The Saltillo–Nuevo Laredo and Querétaro–Irapuato routes are currently in the tendering process for the integration of their sections, buildings, and control and safety systems.
  • Construction of the AIFA–Lechería train line is progressing according to schedule and will begin dynamic safety and control testing.

Source: Ministry of Infrastructure, Communications and Transport (SICT)

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SHCP: Simultaneous Issuance of Sustainable Bonds, BONDES G and S Bond

  • On Feb. 19, 2026, the Ministry of Finance and Public Credit (SHCP) carried out the first simultaneous issuance of BONDES G and the S Bond of the year, for a total amount of 35 billion MXN, through the interconnected issuance mechanism.
  • This transaction included BONDES G with maturities of 3 years, 4 years, and 6 years, as well as the S Bond with a 10-year maturity.
  • Through this operation, Mexico reaffirms its commitment to sustainable finance, attracting capital earmarked for projects with a positive impact on the environment and social development.

Source: SHCP

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Pemex successfully returns to local capital markets

As part of the implementation of Petróleos Mexicanos (Pemex)’s 2025–2035 Strategic Plan, particularly the Comprehensive Capitalization and Financing Strategy, Pemex, in coordination with the Secretaría de Hacienda y Crédito Público (SHCP), carried out today the largest corporate issuance in the history of the local market, through the placement of 31.5 billion MXN under the “vasos comunicantes” structure, with the following characteristics:

  • 9.005 billion MXN with a 5.2-year maturity at a floating rate
  • 16.999 billion MXN with an 8.5-year maturity at a nominal fixed rate
  • 5.496 billion MXN with a 10.5-year maturity at a real fixed rate

Source: SHCP

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Over 51 Billion Pesos in Infrastructure Works for “Plan Michoacán”

Through a mix of public and private investment, 411 km (255 miles) of highways will be addressed, alongside conservation efforts across 2,235 km (1,388 miles) of roads

The Government of Mexico, via the Ministry of Infrastructure, Communications, and Transportation (SICT), announced that between 2026 and 2029, 51.85 billion pesos will be invested in infrastructure projects as part of the “Michoacán Plan for Peace and Justice.”

  • Pátzcuaro-Uruapan segment: Scheduled for completion on February 21.
  • Zitácuaro-Maravatío highway: Currently 60% complete.
  • Uruapan-Nueva Italia highway: Currently 18% complete.
  • Nueva Italia-Lázaro Cárdenas highway: Will be expanded to four lanes.

Source: SICT

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SICT

SICT

 

First National Investment Promotion Meeting

The investment portfolio rose to $406.8 billion, with 2,539 projects and 1,630,000 jobs created, thanks to state committees.

While leading the First National Investment Promotion Meeting—which brought together more than a thousand private sector representatives—President Claudia Sheinbaum Pardo expressed her optimism that Mexico’s economy will perform even better in 2026 and invited Mexican business leaders to continue driving national development.

Source: Presidency of the Republic

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Investment of over 32 billion MXN in gas pipeline infrastructure and maintenance

The National Natural Gas Control Center (Centro Nacional de Control del Gas Natural, CENAGAS) will invest more than 32 billion MXN between 2025 and 2030 in infrastructure and maintenance of the national gas pipeline system, as part of a multiannual strategy to ensure the security, continuity, and reliability of natural gas supply across the country.

In 2025 alone, the investment amounts to more than 3 billion MXN, reflecting the start of a phase of sustained strengthening of natural gas transportation infrastructure, which is key to supplying the electric power, industrial, oil, and distribution sectors.

Source: CENAGAS

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Infrastructure Investment Plan for Development with Well-Being

  • From 2026 to 2030, a historic investment of 5.6 trillion MXN will be carried out.

The Government of Mexico, through the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público, SHCP), presented the Infrastructure Investment Plan for Development with Well-Being 2026–2030, which aims to implement a historic public and mixed investment totaling 5.6 trillion MXN across eight strategic sectors: energy, railways, highways, ports, health, water, education, and airports.

The President of Mexico, Claudia Sheinbaum Pardo, explained that the Infrastructure Investment Plan for Development with Well-Being seeks to strengthen Plan Mexico and generate greater economic growth with well-being. Accordingly, it includes an additional increase of 722 billion MXN this year, representing an additional 2 percent of Gross Domestic Product (GDP), which is added to the investment of just over 900 billion MXN already contemplated in the Federal Expenditure Budget (Presupuesto de Egresos de la Federación, PEF).

Source: Presidency of the Republic

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