Cox Energy Shines in Guatemala Solar Auction

• Cox Energy of Spain has won a reverse power auction in Guatemala, securing 38.41 MW of solar generation to invest USD 32 million and supply 106.0 GWh annually for 15 years. PEG plan received bids for 1,500 MW.

Spain's Cox Energy has won a reverse power auction in Guatemala, securing 38.41 MW of solar generation. The company submitted a bid in a block for 40 MW, and it is expected to invest USD 32 million to build the solar farm. The award represents a commitment to supply 106.0 GWh of electricity annually for 15 years, and the project is expected to begin operations in 2028. The government’s power auction was part of the PEG plan, and ended up receiving bids for 1,500 MW.

What Was the Outcome of Guatemala's PEG Power Auction?

• The auction was part of the country’s PEG plan, which aims to increase the electricity supply in Guatemala.
• The reverse auction was conducted by the Secretariat of Energy and Mines (SEM) of Guatemala and received bids for 1,500 MW.
• Cox Energy was the winner of the auction, securing 38.41 MW of solar generation.
• The company is expected to invest around USD 32 million to build the solar farm.
• The project is expected to supply 106.0 GWh of electricity per year for 15 years.
• Cox Energy has committed to begin operations in 2028.