- The company will supply more than 5.22 TWh of renewable energy through its Santa Cruz Wind wind power project after winning a tender from Empresa de Transmisión Eléctrica, S.A. (ETESA)
- The project will contribute significantly to Panama’s energy transition, incorporating new wind generation capacity and reducing emissions associated with electricity production.
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Panama consolidates itself as one of the key markets for Cox’s growth in the Central Arc region, made up of Central America, the Caribbean, Colombia and Ecuador.
Madrid, July 30, 2026. Cox, a global integrated water and energy utility, has been awarded, through its Santa Cruz Wind project, a long-term wind energy supply contract in Panama, following a competitive process promoted by Empresa de Transmisión Eléctrica, S.A. (ETESA), owned by the Panamanian state. The award contemplates the total supply of approximately 5.22 TWh of wind energy over a period of 20 years for more than 350 million dollars.
The project will make it possible to meet part of the electricity demand
of the country’s main distribution companies, reinforcing the security of
supply through renewable energy of new capacity. This contract reinforces Cox’s
portfolio of long-term agreements and its commitment to the development of
sustainable energy infrastructure in the region.
Thanks to this award, the company’s wind energy project, Santa Cruz Wind, which will have a
capacity of 68.4 MW of installed power in a complex that includes 12 wind
turbines with the capacity to generate 260 GWh/year, will make a significant
contribution to the country’s energy transition, through the incorporation of
new wind generation capacity and the reduction of emissions associated with
electricity production.
Strategic commitment to Central America
This award is part of Cox’s
expansion strategy in Central America and the Caribbean, a key region within
its strategic plan, where the group continues to consolidate a diversified
portfolio of renewable assets and long-term contracts that provide high revenue
visibility and financial stability.
The transaction reinforces Cox’s positioning as an integrated utility,
with the ability to develop and operate long-term energy projects in markets
with stable regulatory frameworks, strengthening its renewable asset base and
visibility of its future revenues.
“Santa Cruz Wind is a flagship project for Cox in Panama and a relevant milestone within our regional platform of Arco Central. This award reinforces our presence in the country, consolidates our commitment to wind energy and reaffirms our commitment to the development of sustainable, competitive and long-term infrastructures, capable of contributing to the energy transition and sustainable growth of the region,” said Martín Sucre Champsaur, Regional Manager – Central Arc – Central America, Caribbean, Colombia and Ecuador – of Cox.
