Grupo México Closes Merger with Saavi, Controls 4,510 MW Alongside BlackRock

Grupo México finalized on September 8, 2026 the merger of its power generation assets with Saavi Energía and now controls 70% of a 4,510 MW platform, with Global Infrastructure Partners (GIP), a BlackRock subsidiary, holding the remaining 30%, according to Bloomberg Línea.

The deal was announced on April 27, 2026, subject to regulatory approvals. El País reported at the time that the combination brings together 14 power plants with 4,510 MW and a development pipeline of nearly 5,000 MW. The outlet described the transaction as a strategic alliance to strengthen the conglomerate's position in the electricity sector. El Imparcial reported that Grupo México's contribution was approximately $880 million, financed from its own cash flow. The transaction positions GIP, BlackRock's infrastructure arm, as a long-term minority partner within Mexico's wholesale electricity market (MEM), the segment where energy is traded among generators, suppliers, and qualified users.

The platform totals 4,510 MW of installed capacity and a growth pipeline of nearly 5,000 MW, representing projects under development rather than electricity already being generated. Saavi Energía stated in its closing announcement, released on September 8, that the platform includes a mobile generation business and three gas compression stations; the company's text cites 10 plants, while market reports reference 14 facilities. None of the reports disclose the technology mix of the integrated plants. Bloomberg Línea estimated the transaction at approximately $800 million, below the $880 million reported by El Imparcial. Grupo México described the closing as the start of a long-term relationship with GIP to explore infrastructure and energy projects in Mexico and other countries across the Americas.

The key figure to watch is the progress of the 5,000 MW development pipeline, which has yet to generate electricity. Grupo México reported the closing to the Mexican Stock Exchange (BMV) on September 8 and has not announced additional agreements with GIP.

This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.