COX ENERGY AMÉRICA, S.A.B. DE C.V. (“Cox Energy América” or “the
Company”) (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin
American stock exchange, informs its shareholders and the general public that it allocated 45 MW for
the generation and consumption of solar energy electricity, following a recent auction held by the
Colombian Government through the Mining Energy Planning Unit (UPME).
With this allocation of 45 MW in three photovoltaic solar energy projects, Cox Energy América positions
itself once again as a key player in the energy transition for the region. The auction process was carried
out under a highly competitive environment, registering a total of 843 connection requests for an
accumulated capacity of 56.7 GW, of which only 147 projects were assigned for solar energy with a total
capacity of 5.8 GW.
As part of the Colombian Government's strategy to ensure a fair energy transition, the allocation process
was based on reliability, flexibility, emissions reduction, restrictions, and market prices, as well as the
impact on losses and the status of environmental licensing for each project submitted, which Cox Energy
America fully complied with.
The three assigned projects will have an investment of 45 million dollars, which will be carried out with
our own resources, as well as with the support of financial and multilateral institutions. The development
plan contemplates starting the construction phase during the first quarter of 2024.
José Antonio Hurtado de Mendoza, CEO of Cox Energy América, commented: "In the past year, Colombia
has become a key country for the Company's expansion and growth strategy, seeking to increase our
presence and operations with highly viable and profitable projects. The auction process was conducted with
total transparency and reliability, allowing us to present our unique management and operational
capabilities, which always seek to obtain the best results."
He added: "With this important milestone achieved in the Colombian market, I reaffirm our commitment to
continue analyzing and managing different business opportunities for the generation and commercialization
of renewable energies in the country, and thus continue advancing in the change of the energy matrix in the
region."
