COX ENERGY AMÉRICA, S.A.B. DE C.V. (“Cox Energy”, “Cox Energy América” or “the Company”) (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and the general public that it has signed a strategic alliance with NG Energy International Corp. (TSX.V: GASX.V, OTC: GASXF, FRA: 56PQ ) (NG Energy), a publicly traded Exploration and Production (E&P) company that seeks to boost Colombia’s clean energy transition with sustainable solutions to satisfy the country’s needs. With this new strategic alliance, Cox Energy and NG Energy will analyze opportunities to develop, build and own PV solar power plants in Colombia.
Colombia is one of the most attractive PV solar markets in Latin America, with an increasing demand for renewable energy projects. Cox Energy, in collaboration with NG Energy, will expect to maintain a long-term relationship with great potential to explore new projects and tackle new challenges and opportunities in the energy transition.
Cox Energy Colombia, S.A.S. and NG Energy will negotiate and sign an agreement for the cooperation between both parties to purchase and sell energy (through PPA contracts) in the Colombian market, through Cox Energy’s pipeline in Colombia, currently under development, while NG Energy acts as an off taker for its operations in the country.
Furthermore, with the authorization that Cox Energy Comercializadora, S.A.S. recently received to operate as an agent in the Colombian wholesale energy market, and the extensive experience that NG Energy has operating in Latin America and Colombia, the Company will be able to reaffirm its presence in the region.
