Cox Energy’s turnover is close to 15 million and is poised to leap into the Spanish Stock Exchange

He did this during his presentation. third quarter resultsAbout the firm specializing in the development of photovoltaic solar projects 14.81 million consolidated revenue in which euro Multiply the figures for the same period of last year by 25. According to the company, this progress was primarily driven by its energy sales and supply business in Mexico.

Thanks to this increase in income, ebitda the first nine months of the year reached 4.5 million euro, however, yes, final result is still red because the group is full investment stage and spends on the development of solar projects it owns in Latin America. Thus, the net losses 11.54 million.

After the presentation of the results, the company general manager, José Antonio Hurtado de Mendozastressed importance of completing binary listing The company that will allow Cox Energy to be listed on the Spanish Stock Exchange. “We are moving through the final stages of the bilateral process to list our stakes in Spain’s BME Growth, a milestone that will change the company’s history,” he said.

Despite the founder’s origin in Alicante, Cox Energy’s main market is American continentEnrique Riquelme decided to take charge in the face of the economic crisis in Spain.

portfolio

At the end of this third quarter of 2022, Cox Energy project portfolio in force at different stages of development and construction by 1,620 megawatts According to the company, new 800 megawatts of opportunities could be added in the next few months in different regions where it operates.

It should be noted that between June and September the group increases its presence. Chile, Colombia and Central Americaa region that represents more than 70% of the projects.

Another milestone reached in this period is Authorization to operate as an agent in the Colombian Wholesale Electricity Market through its subsidiary, Cox Energy Comercializadora SAS, allows Cox Energy América to negotiate contracts for the supply and purchase of energy in the electricity market of that country.

On the other hand, he provided financing. Sol de Vallenar projects in Chile, This will allow the construction work of the first phase of the project to begin in early 2023. Likewise, in Chile, the management and authorization of processes for financing structuring for the first package of PMGD projects continued.