Cox Energy began the acquisition of the Abengoa group – which owns around 30 different companies – last April, after it was dissolved and its assets and liabilities were put into bankruptcy.
According to the statement, the purchase of Abengoa will allow Cox Energy to accelerate investments and technology development in clean energy infrastructure. The operation, according to Cox’s management, will have a positive impact of 60 million euros on its net worth and will contribute an Ebitda of 50 million euros.
Among the assets that Cox will integrate into its business are a bioenergy plant in Brazil and a hybrid combined cycle plant with solar thermal technology in Algeria.
“The integration of energy assets will thus complement Cox Energy’s project portfolio, which at the end of June 2023, had more than 4.7 GWp of installed capacity distributed across 60 projects present in Spain, Chile, Colombia, Mexico and Central America and the Caribbean,” the statement says.