Enrique Riquelme began working in family businesses within the
services, real estate and construction sectors. In 2009 he traveled
and settled in Panama, where, a year later, in 2010 he created
Grupo El Sol, focused on mining, cement, infrastructure and energy.
The company became the largest provider of sand for the Temporary
Union
of Companies (UTE for its Spanish acronym) responsible for the
expansion
of the Panama Canal. It currently has more than 1,500 employees and
investments in cement, aggregates and energy.
Since its early days as an entrepreneur, Enrique Riquelme has been
sure
that renewable energies, and in particular photovoltaic solar, were
called
to be the energy generation technologies of the present and the
future,
with continuous and constant growth within the electricity matrix of
the
different countries. That is why, without abandoning the activity of
Grupo El Sol, it began to position itself in the sector and, in
2012,
led the bidding and development phase of the largest photovoltaic
project
carried out so far in Latin America, Rainbow 50. Located in
Guatemala, the
installed capacity of the aforementioned plant reached 55.6 MW, with
an
investment reaching 100 million dollars.
Enrique Riquelme founded in 2014 Cox Energy, a Spanish company in the
renewable energy, solar photovoltaic sector, with a presence in more
than
six countries on two continents (Europe and Latin America). Its
business
strategy has made it the first Spanish company to close in 2018 the
largest
private PPA (Power Purchase Agreement) at 20 years in Europe (660 MW
with
Audax, one of the main electricity trading companies in the Iberian
Peninsula).
It also has long-term energy sales agreements with Nexus Energía and
other
major private and commercial customers. Cox Energy won two major
tenders in
Chile (2016 and 2017), and has become a leading company in the
country.
The company has signed partnerships with groups of great
international relevance:
JP Morgan-Sonnedix, Naturgy or Ibexia Development, to develop and
operate
renewable energy projects.
In 2019 Cox Energy America was born as part of the strategy designed
by Cox
Energy Solar to achieve maximum development of its business in the
two continents
where it is presence: Europe and Latin America. Cox Energy América,
which is
majority owned by Grupo Cox Energy Solar, is listed on the Mexican
Institutional
Stock Exchange (BIVA). The company is present in Mexico, Chile,
Colombia, Central
America and the Caribbean.
Cox Energy America is one of the few solar energy companies that is
active
throughout the value chain: from project development, financing,
material purchase,
operation and maintenance, to asset management and energy supply
The projects where Cox Energy America is investing are located mainly
in Mexico and
Chile, but also in other countries and territories, such as
Colombia, Central America
and the Caribbean, whose markets the company has a great knowledge
of, as well as the
areas where there is greater consumption, both industrial and
residential, high solar
radiation, increasing improvement in the efficiency of transmission
networks , and a
clear upward trend in electricity prices, which will allow higher
revenues to be
obtained in the spot market and also through private PPAs.
Cox Energy operates in Europe through Ibox Energy, a joint venture
established
together with Ibexia Development, to develop and manage photovoltaic
projects
in Spain and other European Union countries. The company has a
portfolio in development
in Spain of more than 1.2 GW of power distributed throughout the
national territory.
Enrique Riquelme became in 2016 the largest shareholder of Ezentis, a
leading global
industrial services company that operates and maintains electricity
infrastructure,
among other activities and is present in Argentina, Chile and
Brazil.
In addition, Enrique Riquelme is President and main
shareholder of Cox
Real State, a company specialized in investments in shopping centers
and real estate sector,
with activity in Spain.
