Cox

Coxabengoa signs in Beijing, with the help of the Junta de Andalucía, a strategic alliance with Hygreen Energy in the hydrogen sector

  • The agreement includes the development of a European industrial platform that will develop, manufacture and supply hydrogen production systems from Andalusia, taking advantage of the technological and operational capabilities that Coxabengoa presents in the region.
  • Coxabengoa plans to invest heavily in R+D+i and production facilities in Andalusia for the implementation of the agreement.
  • Enrique Riquelme, executive chairman of Coxabengoa, has pointed out that “the agreement reached, where innovative technologies and global market synergies are shared, is a good example of the leadership that Andalusia has in the green hydrogen sector with international projects of enormous depth, such as the one we have signed today”.

 

The president of the Junta de Andalucía, Juanma Moreno, as part of the institutional trip to China undertaken yesterday, accompanied by Enrique Riquelme, executive president of Coxabengoa, attended the signing of the Strategic Agreement between Hygreen Energy and the Andalusian multinational for the development of a European industrial platform that will manufacture and supply hydrogen production systems from Andalusia.

The agreement, which has been in operation for over a year, and in which the Junta de Andalucía has played a crucial role, is an important step in the commitment of the Andalusian company to sustainable development based on the use of renewable energies and green hydrogen.

Hygreen Energy, is a global innovative company leader in the design and manufacture of hydrogen production systems, using electrolyser technology. With twenty years of experience in the sector, more than 300 projects materialized and a manufacturing capacity of 5GW, Hygreen Energy is looking for in Coxabengoa the European strategic partner to expand its business internationally, Building on its position and leadership in renewable technologies.

The agreement provides for the manufacture and integration of components and products in Andalusia, taking advantage of the operational and technological capabilities that Coxabengoa has in the region, in which it plans to invest heavily in R & D and production facilities to make them a reality.

Enrique Riquelme has highlighted the strategic importance of this alliance: “the agreement reached, where innovative technologies and global market synergies are shared, is a good example of the leadership that Andalusia has in the green hydrogen sector with international projects of enormous depth, such as the one we have signed today”. 

Coxabengoa’s Energy division (Coxenergy) has been responsible for developing and materializing this agreement, which strengthens its position as an international leader in the provision of technological solutions in the renewable energy sectors.


From left. to right. Javier Romero, President of Chinalink ESG; Yang Song, Deputy Director IDCPC; Benny Wang, CEO Hygreen Energy; Juanma Moreno, President of the Junta de Andalucía; Enrique Riquelme, Executive Chairman of Coxabengoa; and Ignacio Maluquer; Councilor of Coxabengoa, in the family photo.

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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.: 50.601.230 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.