Friday , July 30 2021

Cox Energy will invest $ 1.5 million in Mexico in four years



Spanish developer of energy projects, Cox Energy design invest in Mexico a thousand $ 500 million in the next four years in building solar power plants.

In the interview Enrique Riquelme, president and general manager of the companyHe said that among them there are seven solar parks located in Campeche, Sonora, Mexico, Veracruz and Zacatecas.

"We're working on generation projects in cooperation with other companiesas well as electrical auctions that sell CFE power, "he said.

For Cox Energy, Mexico is the main investment development market in the worldbecause it represents about 30 percent of capital injections over the next four years, followed by Chile, which means 20 percent.

"We also invest in Southern Europe, but Latin America is the market where we have developed the most as a company," Riquelme explained.

The president and CEO of the European company said that for the next electricity auction, in which results are expected in mid-December, participation in projects with a total capacity of 400 megawatts, which could mean investing $ 300 million.

The company has partnerships in Mexico with X-Elio and Naturgy (formerly Fenosa) for the construction and operation of solar parks in the country. At present, it has 600 megawatts for long-term contracts operating in form.


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