The management of Grupo Cox Energy decides to carry
out an Initial Public Offering of a portion of the stock
of Cox Energy México (American subsidiary), moving it to
its listing on the Bolsa Institucional de Valores
(BIVA). As a result, Grupo Cox Energy was restructured
again, transferring the ownership of the Chilean,
Panamanian and Mexican businesses, including all the
related rights, patents, licenses, and trademarks, to
Cox Energy América (formerly Cox Energy México).
The Sonnedix and Cox Energy joint venture closes a
$120-million-dollar financing deal for a 160 MW project
Cox Energy appoints José Antonio Hurtado de Mendoza as
its new CEO.
Cox Energy acquires 40% of Ibox Energy for 95 million
euros, strengthening its balance sheet.
Cox Energy will start construction of a new 308 MWp
solar project in Chile with an investment of $170
Cox Energy sells 30% of its stake in the Chilean company
SPV P4 (acquired in 2017).
Cox Energy starts an orderly divesting process of its
non-strategic assets in Chile and Mexico.
The Mexican business unit closes a contract with Nexus
Energía to sell electricity and manage power plants in
the country. Subsequently, a joint venture with Sonnedix
was signed for approximately 450 GWh per year of
photovoltaic solar energy.
Grupo Cox Energy decides to restructure its operation
into two sub-holdings, one for Europe and the other for
the Americas, with dedicated management bodies and teams
to conduct their operations and autonomously raise their
Cox Energy’s Mexico branch obtains regulatory
permission to sell energy to qualified users in the
country (>1 MWp contracted power).
Cox Energy entered into a strategic agreement with
Sonnedix (an investor of JP Morgan Asset Management) for
the development, construction, and start-up of multiple
renewable energy facilities in Chile. As a result, Cox
Energy sells 70% of its interest in a major subsidiary
in the country and acquires 30% of the shares of a
platform in operation in Chile.
Cox Energy wins a 20-year supply contract for 140 GWh
per year in Chile. The Company makes a partnership in
Mexico to manage a 118 MWp solar farm in the
municipality of Tepeyahualco, Veracruz.
Grupo Cox Energy enters public tenders in Chile and
Mexico alongside recognized partners, obtaining a
contract for 264 GWh per year from the Chilean
government, the largest tender for energy from
conventional or renewable sources in the history of the
Cox Energy Solar entered into an exclusive contract
with NRG (a company with operations in the United States
and Canada) for the development of assets in Latin
America, which led the holding company to enter the
The subsidiary Cox Energy México, S.A. de C.V. is
created, which eventually is renamed Cox Energy América,
S.A.B. de C.V., to operate in Latin America.
Cox Energy Solar, later a holding company of Grupo Cox
Energy (Cox Energy Solar plus American and European
subsidiaries), is established in Madrid, Spain, through
the contribution of projects that had been developed by
its founder since 2012.
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