Cox

Cox advances in Casanare with a renewable energy project for rice production

  • The project involves an investment of more than 3 billion Colombian pesos ($750,000 USD) and an execution period of 11 months.
  • The electricity generated by this solar plant marks a milestone in Colombian agriculture, as its annual consumption is equivalent to that of approximately 912 households.
  • Cox and Solcor have a combined total of 5,000 MW in renewable energy projects, consolidating their position as leaders in photovoltaic solar energy.

 

Colombia, November 14, 2025. Cox, a global company specializing in water and energy, and Solcor, in partnership with Arroz Supremo, are promoting the use of solar energy in rice production in Colombia through the construction of a photovoltaic plant in the Zona Franca Central of Nunchía (Casanare). This facility will supply a large part of the energy required for operations and will help reduce dependence on conventional energy sources.

This solar project will cover an area of 8,000 m², larger than a professional football field. The solar farm will have an installed capacity of 1,169 kW, equivalent to the average annual consumption of 912 Colombian households, providing a clean and reliable energy source, improving efficiency, sustainability, and reducing operating costs.

An energy performance of 80.7% is expected, ensuring efficiency and reliability in the supply of clean energy for Arroz Supremo, without relying on Colombia’s National Interconnected System.

The alliance between the three companies is formalized as a consortium for the design, supply, construction, and installation of a photovoltaic self-generation plant. In this arrangement, the Temporary Union, formed by Cox and Solcor, will deliver the project fully ready to operate, from engineering and equipment procurement to assembly, grid connection, and regulatory procedures.

“The Colombian agricultural sector can also contribute to the energy transition, and this project demonstrates that progress and renewable energies go hand in hand toward that goal,” said Alejandro Huertas, Country Manager Colombia at Cox.

This project is a milestone for Colombian agriculture and specifically for the rice sector, as it will enable Arroz Supremo to advance in its transition toward more sustainable operations, aligned with national objectives for emission reduction and the promotion of renewable energies. Additionally, the initiative reinforces the joint commitment of Cox, Solcor, and Arroz Supremo to energy efficiency and the modernization of Colombian agriculture.

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Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.