Cox

Cox / Cox and CAF sign $30 million green financing to accelerate e...

Cox and CAF sign $30 million green financing to accelerate energy transition in Latin America and the Caribbean

  • The agreement marks the first step in a joint partnership that will help fund Cox’s growth in the region.
  • CAF grants Cox a $30 million loan  to boost water, power and transmission line  projects in Latin America and the Caribbean.
  • With a five-year horizon, the agreement consolidates Cox and CAF’s joint sustainable investment strategy in the region.
  • The funding will be directed mainly towards projects that strengthen access to water and energy, as well as security of supply in the region .
  • The signing of the agreement comes after reaching investment grade, consolidating the company’s commitment to ESG and sustainability criteria. 

 

Madrid, July 02, 2025. Cox, a water and energy utility, strengthens its financial structure through a corporate loan of 30 million dollars granted by CAF (Andean Development Corporation), a multilateral development bank specialized in Latin America and the Caribbean. 

The five-year financing reflects CAF’s confidence in Cox’s strategic plan and business model, and will accelerate the execution of water, power and transmission line projects in key markets in the region. The agreement marks the first step in a joint partnership that will help fund 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 electricity coverage, guaranteeing supply stability and promoting the sustainable development of local communities in CAF member countries.  

 Enrique Riquelme, Executive Chairman of Cox, stressed that “CAF’s confidence is an endorsement of our roadmap to consolidate a strategic presence in Latin America and the Caribbean, a priority region for Cox. We are grateful for 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, CAF’s Vice President of the Private Sector, remarked 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 of promoting investments with high positive environmental impact, generation of green jobs and strengthening sustainable energy chains in countries such as Mexico, Colombia, the Dominican Republic and Central America, among others.”  

 The signing of the agreement comes after reaching investment grade, consolidating the company’s commitment to ESG and sustainability criteria. 

Enrique Riquelme, Executive Chairman of Cox, and Antonio Silveira, Vice President of the Private Sector at CAF

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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

COX

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.