These Spanish companies are building a presence principally in the wind energy sector and most recently in solar energy.

Energy sector reforms in Mexico encourage private sector investment. The main areas of interest for Spain are those where private companies have an opportunity to become involved, such as in the energy and telecommunications sectors, as well as large public works projects that are being planned (airports, highways, natural gas, electricity generation, healthcare and waste/water treatment).

Given this outlook, Spanish companies such a Acciona see clear investment opportunities in the near-term. This company is fixing its sights on renewable energy as well as water infrastructure, where the Spanish company is already collaborating with the Mexican Government.

Iberdrola intends to invest €3.66 billion in Mexico over six years. Of this amount the company says that €1.1 billion is already being used to build wind energy and combined cycle plants.

Grupo Ferrovial is interested in finding opportunities to develop transportation infrastructure, specifically around Mexico City, as well as bidding on the forthcoming expansion of the City’s airport. The construction firm is also studying port projects both on the Caribbean and the Pacific Ocean.

Revenues for Spanish firms in Mexico rose 9.4% last year to €288 million. In 2013 Mexico was the second largest export market for Spain in all of Latin America—behind Brazil—and the seventh largest market outside of Europe.