Cox will invest $30 million to accelerate the region’s energy transition

Cox, a company specializing in energy and water infrastructure, strengthens its financial structure through a $30 million corporate loan granted by the Development Bank of Latin America and the Caribbean (CAF), to promote investments with a high positive environmental impact, the generation of green jobs and the strengthening of energy chains, in Mexico, Colombia, Dominican Republic and Central America.

The financing, with a term of five years, reflects CAF’s confidence in Cox’s strategic plan and business model. The agreement represents the first step of a joint alliance that will contribute to financing Cox’s growth in the region.

With this operation, Cox consolidates its strategy in priority markets, focusing on providing water and energy to areas with limited electrical coverage, ensuring the stability of supply and promoting the sustainable development of local communities in CAF member countries.

Enrique Riquelme, CEO of Cox, highlighted that “CAF’s trust is a boost to our roadmap to consolidate a strategic presence in Latin America and the Caribbean, a priority region for Cox. We appreciate CAF’s support for a growth model that is committed to sustainable, resilient and innovative solutions for access to water and energy, as well as promoting the sustainable development of local communities.”

For his part, Antonio Silveira, vice president of the Private Sector of CAF, highlighted that “the agreement represents a concrete step in CAF’s commitment to support the private sector as a driver of productive transformation, social inclusion and decarbonization. The alliance with Cox is aligned with the bank’s strategy to promote investments with a high positive environmental impact, the generation of green jobs and the strengthening of sustainable energy chains in countries such as Mexico, Colombia, Dominican Republic and Central America, among others.”

About Cox

Cox is a vertically integrated water and energy utility that applies innovative technological solutions for sustainable development. It is a world leader in the conservation and efficient management of water resources, specializing in desalination, reuse, and water treatment technologies, as well as a major player in the generation and transmission of green energy, with a presence in America, Europe, Africa, and the Middle East. Since November 15, 2024, the company has been listed on the Spanish Stock Exchanges.