The story begins in 2014, when founder Enrique Riquelme Vives established Cox Energy Solar in Madrid, focusing on photovoltaic solar energy. A year later, the company expanded into Latin America with Cox Energy América. This move proved pivotal, as in 2016, the firm won the largest renewable energy tender in Chile’s history. The B2B is vertically integrated, operating across the renewable energy value chain, from developing projects to selling energy to end customers. The company’s trajectory has been marked by strategic listings and acquisitions. In July 2020, amidst the pandemic, Cox Energy América went public on the Mexican Institutional Stock Exchange (BIVA), becoming the first solar energy company to list in Latin America. This was followed by a dual listing on Spain’s BME Growth market in July 2023. A major turning point occurred in June 2023 with the acquisition of the productive assets of the troubled Spanish multinational Abengoa, creating the integrated entity Coxabengoa. More recently, in November 2024, the parent company, now named Grupo Cox, launched a successful IPO on the main Spanish stock exchange with a valuation of around €805 million.
