- Business
- Cox Energy América Cox Energy América, S.A.B. de C.V. (COX.MX) operates as a renewable energy company focused on the development, promotion, construction, and operation of photovoltaic solar plants and related assets across Latin America and Europe. The company offers a comprehensive suite of services spanning the full value chain, including greenfield development of small- and medium-sized photovoltaic projects ranging from 3 MWp to 300 MWp under a develop-and-own model; asset rotation through the sale of ready-to-build, under-construction, or operational medium- and large-scale projects; distributed generation and self-consumption solutions; energy supply and commercialization; project financing; asset management; operation and maintenance; and engineering, procurement, and construction activities. It maintains a robust portfolio exceeding 3 GW in various stages of development, construction, and operation, with key assets such as photovoltaic solar farms, solar thermal plants totaling 25 MW, a 70 MW cogeneration facility with sugar cane bioethanol production in Brazil via Abengoa Bioenergía Brasil, and small means of distributed generation projects like the 42 MW portfolio in Chile including the operational San Javier I farm; the company serves qualified industrial users, residential self-consumption customers, and wholesale markets while generating and marketing 100% renewable energy. Cox Energy América conducts operations in twelve countries across four continents, including primary markets in Mexico, Chile, Colombia, Guatemala, Panama, other parts of Central America and the Caribbean, Brazil, Spain, Portugal, Algeria, and recently expanded presence in the Middle East and Africa, with a target emphasis on Mexico as a strategic hub. Founded on March 4, 2015, and headquartered at Montes Urales 415 in Mexico City, Mexico, the company functions as the energy division of Cox ABG Group, S.A., with approximately 2,088 employees and a dual listing on the Bolsa Mexicana de Valores (BMV/BIVA: COXA) and Bolsa de Madrid Growth (BME: COX). In recent developments, Cox Energy América completed the acquisition of CA Infraestructuras Energía 2023, S.L.U. in 2024, integrating Abengoa's energy production assets including solar thermal and bioenergy operations to bolster its portfolio and EBITDA; pursued further consolidation and capital increases, including a second partial execution in November 2025; formed a strategic alliance with Nexwell, which acquired an 8% stake in June 2024 to support scaled investments in energy generation; and announced expansive growth tied to parent company initiatives such as the July 2025 acquisition of Iberdrola Mexico for $4.2 billion encompassing 2.6 GW of operational capacity and a 12 GW pipeline, a April 2025 purchase of a 24 MW solar plant in Panama with a 10-year PPA, and plans for over 4.5 GW of new renewable capacity mostly in Mexico alongside $10.7 billion in total Mexican investments through 2030, including wind and solar farms in Nuevo León.