Cox Energy

Cox Energy operates as a vertically integrated utility with a focus on renewable energy and water infrastructure. The company was founded in 2014 by Enrique Riquelme Vives, who currently serves as the Executive Chairman. Riquelme, born into a family with a business background in real estate and construction, ventured into the energy and infrastructure sectors in Panama in 2010 before establishing Cox Energy. A significant milestone in his early career was leading the development of the Rainbow 50 photovoltaic project in Guatemala in 2012.

The company's business model is structured around two primary divisions: Asset Co and Service Co. Asset Co manages the company's concession assets in water and energy, providing a recurring and stable revenue stream, while Service Co focuses on engineering, procurement, construction (EPC), as well as operation and maintenance (O&M) services. Cox Energy generates revenue through the sale of energy from its operational plants, often secured by long-term Power Purchase Agreements (PPAs), and from its portfolio of service contracts. The company has a significant presence in Latin America and Europe, with operations in countries including Chile, Mexico, Panama, Spain, and Portugal. A key strategic move was the acquisition of the productive assets of Abengoa in June 2023, creating an integrated entity named Coxabengoa.

Cox Energy's portfolio consists of solar photovoltaic, solar thermal, and bioenergy projects. The company manages the entire value chain, from project development and financing to operation and asset management. This includes utility-scale power generation facilities and distributed generation for self-consumption. The company also engages in the commercialization of 100% renewable electricity. A notable aspect of its strategy is the "Energy Follows Water" approach, where water concession projects are leveraged to create new opportunities in the energy market. In July 2020, Cox Energy became the first solar photovoltaic company to be listed on a Latin American stock exchange (BIVA in Mexico), later achieving a dual listing on Spain's BME Growth in July 2023.

Keywords: renewable energy, solar power, photovoltaic, water infrastructure, utility, EPC services, asset management, power generation, energy commercialization, project development, Enrique Riquelme, Coxabengoa, BME Growth, BIVA, distributed generation, self-consumption, Power Purchase Agreement, bioenergy, solar thermal, energy concessions