Investment

Market

October 9, 2026 · 5 min

The Cancún Financial and Technology District hub, Quintana Roo: declared in August, questioned in September

The newest hub covers 60.76 ha in Benito Juárez and was declared in the DOF on 7 August 2026. On 7 September President Sheinbaum said it can hardly be authorized where there is jungle and that the site is not yet defined.

Market

October 9, 2026 · 5 min

The Durango hub (CLID): an existing park with 8.6 MW and a USD 1 billion project

The Durango hub is the Centro Logístico e Industrial de Durango, an operating park of 315.42 ha with a substation 100 m away and a 93 ha solar park. A USD 300 million plus USD 700 million automotive project has been announced, with no company named, against projected capacity of 8.6 MW.

Market

October 9, 2026 · 5 min

The Huamantla hub, Tlaxcala: the first one open, with 8 MW for USD 540 million

Huamantla is the only inaugurated hub: it opened on 12 April 2026, seven months after works began, with USD 540 million announced and up to 6,000 jobs. The official sheet assigns it 8 MW, little power for an auto-parts and metalworking park.

Market

October 9, 2026 · 6 min

The Parque Industrial Bajío hub, Michoacán: 342 ha beside Lake Cuitzeo, waiting for its environmental permit

The Michoacán hub was the first to be formalised and is named, on purpose, Parque Industrial Bajío. It has 342 ha in Zinapécuaro, named developers and 12.9 MW published, but as of October 2026 its environmental impact statement is still unresolved.

Market

October 9, 2026 · 5 min

The Puebla Technology and Sustainability hub: named companies, long timeline

The Puebla hub covers 217.68 ha in San José Chiapa and Nopalucan and already has four companies with 2,080 million pesos announced. The government spoke of 90% progress in March 2026, but in August it set 2029 or H1 2030 to finish the works.

Market

October 9, 2026 · 5 min

The Reserva Zapotlán hub, Hidalgo: the developer is in, the grid is not

The Reserva Zapotlán hub covers 910.82 ha in the AIFA corridor and, since 19 August 2026, has a developer: DEWA Capital, with more than 10,100 million pesos over five phases. SENER estimates 20 MW at maturity, with the high-voltage connection about 24 km away.

Market

October 9, 2026 · 7 min

The 15 welfare hubs as of October 2026: one inaugurated, six under way, eight on paper

There are 15 welfare development hubs declared in the DOF, but they are not the 15 announced in June 2025: one in Hidalgo dropped out and Cancún came in. As of October 2026 only Huamantla has been inaugurated, and the power capacity assigned to each hub rarely exceeds 20 MW.

Sustainable development

October 8, 2026 · 8 min

From commitment to project: what Bajío Ventures can do

The commitments are signed and the targets are written. What is missing in the Bajío lies in between: regional measurement, prepared projects and a way to aggregate what is small. Seven lines of work for a company of our size, each with its indicator, and three things that are not ours to do.

Market

October 1, 2026 · 6 min

Who builds Mexico's industrial parks? What the map says about the Bajío

Querétaro ties for second place nationally in number of industrial developers and Guanajuato has 13, but only a dozen firms operate in more than four states. The map shows who builds the buildings; it does not show who can power them, which is what now decides which park fills up.

Infrastructure

September 28, 2026 · 6 min

The new Mexico City–Querétaro–Irapuato train: the logic and the money

The federal government is building 340 km of new double-track passenger railway from Mexico City to Irapuato for about MXN 191 billion, and plans another 303 km to Guadalajara for MXN 127.5 billion. What changed since 2014, and what to check before relying on the numbers.

Infrastructure

September 25, 2026 · 4 min

The Pacific: Mexico's window to Asia

Energía Costa Azul shipped the first LNG from Mexico's Pacific coast. The route to Asia is shorter and does not depend on Panama, but five of six projects still lack financing and the rules for domestic industry have not arrived.

Infrastructure

September 24, 2026 · 4 min

Mexico's power bottleneck isn't generation — it's the grid

For every peso CFE's 2025–2030 plan puts into the grid, it puts about 3.5 into generation. For industry, capacity is decided substation by substation.

Regulation

September 22, 2026 · 9 min

The state of energy investment schemes in Mexico (September 2026)

After the 2024 reform and the 2025 laws, the question for investors is no longer whether there is room for private capital, but under which scheme, in which region and at what price. What SENER presented on the Expansion Plan, and what it means for anyone looking to invest.

Thesis

September 22, 2026 · 7 min

Expensive, stable, long-term rules: what an investor is looking for

Infrastructure investors don't ask for cheap rules. They ask for rules they can price and that last as long as the asset. An expensive rule is paid once; an unstable rule is charged on every cash flow, through the discount rate.

Weekly

September 21, 2026 · 6 min

Power week, 14–21 September: a deadline that did not move, unannounced audits, and batteries that already pay

Corriente BESS, the weekly briefing for investors. Sener extended the legacy-permit migration but not the grace period; unannounced audits reach fuel stations and terminals; and the south-east blackout turned storage into a business case.

Thesis

September 17, 2026 · 6 min

The last mile: how China brought reliable power to everyone, and why generation is the easy part

China connected its last household without electricity in 2015, then spent 830 billion yuan in four years on rural grids alone. The lesson for investors: generation is bought; the grid is built.

History

September 15, 2026 · 12 min

It started in León: four cycles of Mexico's electricity grid

Mexico's first electrical installation was a 1.8 kW plant built for a textile mill's own use in Guanajuato, in 1879. One hundred and forty-seven years later, the main opening in the current law is called self-consumption. History does not repeat. The physical constraint does.

Regulation

September 8, 2026 · 6 min

Binding planning: when the State first decides what the country needs

With the 2024–2025 reform, Mexico moved from indicative to binding energy planning: the State defines energy needs and development priorities, and public and private projects align with them.

Thesis

September 1, 2026 · 8 min

Why the Bajío, and why energy

Industrial demand is not the problem. Nearshoring investment grew 39% in 2025, and northern Mexico's industrial vacancy still multiplied sevenfold. What broke was the infrastructure underneath — and that is where we work.

Thesis

August 11, 2026 · 8 min

The Bajío's hidden energy market: 73 German plants, and almost no on-site generation

German OEMs in the Bajío already run on renewable power. The suppliers around them mostly don't. We sized the gap: roughly 64–183 MWp of on-site solar and US$52–216 million of capex, in projects too small for project finance and too large to ignore.

Thesis

June 23, 2026 · 6 min

The Mittelstand as long-term owner

A fifteen-year energy contract is a bet on who will still own the plant fifteen years from now. In the Bajío, German family firms have stayed on the same sites for decades. Their risk is not credit: it is succession.

Thesis

June 9, 2026 · 5 min

How much each country invests in electricity per person: the United States, China and Mexico

The United States invests at least USD 600 per person a year in its power system; China, about USD 170; Mexico, around USD 50. The gap is not about size: it is about priority.

Thesis

March 3, 2026 · 6 min

Residential, C&I and utility: three solar markets that don't look alike

In Mexico, the word «solar» names three different businesses: a home rooftop, the industrial plant that generates for itself, and the park that sells to the grid. The customer, the permit, the risk and who finances it all change.

Thesis

January 20, 2026 · 7 min

Developer or project seller: the difference that defines your investment

In energy, two trades hand out the same business card. The developer puts capital at risk to turn land into a buildable project; the seller brokers a folder. Paying a development premium for brokerage work is the most expensive mistake in the sector.