Cox Power will get licence to function in Colombia’s wholesale power market

September 22 (Renewables Now) – Mexico Metropolis-based solar energy producer Cox Power America SAB de CV (BMV:COXA) stated on Wednesday that its subsidiary has secured a licence to function as an agent within the Colombian wholesale power market.

Colombia’s wholesale power market administrator XM enabled Cox Power Comercializadora to barter power provide and buy contracts within the native market. This is applicable to the wholesale power market, to finish and self-consumption customers, regulated and non-regulated, and to public power tender by way of the centralised system of public bulletins SICEP, Cox Power stated.

“We’re very comfortable to have obtained authorization to produce power within the Colombian market. I’m satisfied that Colombia has a good regulatory framework for renewable power with excessive progress potential,” stated Cox Power CEO Jose Antonio Hurtado de Mendoza in a press release launched by the corporate.

“Presently, Colombia’s demand within the Wholesale Electrical energy Market surpasses 6,300 GWh monthly, demonstrating the sturdy curiosity for progressive and sustainable power options within the area. It is a key milestone in the direction of reaching the targets of our marketing strategy,” the CEO added.

As an influence producer, Cox Power presently has no working photo voltaic farms in Colombia. Its pipeline within the nation stands at 4 in-development tasks totalling 48 MWp, in accordance with its web site.

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