Sheinbaum Leans on Private Investors to Fix Beleaguered Grid (1)

Investment in Mexico’s struggling electricity sector is showing fresh signs of life as a slew of deals in power plants, renewables and infrastructure offer momentum to President Claudia Sheinbaum’s push to modernize the grid.

Claudia Sheinbaum

Photographer: Stephania Corpi/Bloomberg

European, US and domestic developers including Copenhagen Infrastructure Partners, Cox Energy, BlackRock Inc. and Grupo Mexico have signed deals totaling about $4 billion in recent weeks to expand the nation’s power output and fortify the grid. Billionaire Carlos Slim is exploring a foray into battery storage. And Mexican infrastructure investment manager MIP Real Assets is seeking to invest more than $12 billion for projects ...