BASHAM NEWS

APM Terminals Lázaro Cárdenas Secures Landmark Renewable Energy Agreement with Iberdrola México, Advised by Basham, Ringe y Correa

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Mexico City, January 26, 2026. Basham, Ringe y Correa advised APM Terminals Lázaro Cárdenas in connection with a comprehensive renewable energy project for the Lázaro Cárdenas container terminal, developed in collaboration with Iberdrola México, pursuant to which the terminal will become the first in Mexico to operate with 100% renewable electricity.

The project, expected to become operational in the third quarter of 2026, includes the supply of renewable electricity covering the majority of the terminal’s energy consumption, complemented by on-site solar generation. It also contemplates the use of Guarantees of Origin (GDOs) to support the certification of greenhouse gas emissions reductions associated with the renewable energy solution.

Basham, Ringe y Correa provided legal advice in connection with the structuring and implementation of the project, including assistance on contractual, regulatory and energy-related matters.

Basham team involved in this transaction:

Juan Carlos Serra

serra@basham.com.mx

Pablo Nosti

pnosti@basham.com.mx

Paola Arcos

parcos@basham.com.mx