Earnings release
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COX Energy América COX ENERGY AMÉRICA S.A.B. DE C.V. REPORTS THIRD QUARTER 2021 RESULTS HIGHLIGHTS In the third quarter , Cox Energy America continued with the execution of its Strategic Plan , maintaining a positive outlook for the energy industry in the short and long term , as a result of a diversified portfolio in Latin America ( 66.0 % Central and South America and 34.0 % North America ) . In 3Q21 , total revenue for the quarter increased to $ 7.34 million pesos , a result of serving more clients in the wholesale energy market . As part of maintaining a disciplined and well - managed development portfolio , the Company decided to make an adjustment to its project portfolio during the quarter to reflect feasibility more accurately at different stages of development . At the end of 3Q21 , Cox Energy America had a portfolio of 30 projects in different stages of development , with a total attributable capacity of 1.98 GWp in Latin America . Cox Energy America estimates additional growth from already identified opportunities in the portfolio , stemming from several strategic agreements in high - potential regions . As a result , by 2022 the total investment is estimated to exceed $ 2.4 billion pesos , of which at least 65.0 % must be completed through different financing schemes . If the projects established for the year are completed , EBITDA generation is expected to exceed $ 400 million pesos . During the quarter , Cox Energy America signed a strategic agreement under the concept of a power purchase agreement with an energy distribution company in Colombia . The agreement establishes the possibility of jointly executing a series of projects focused on renewable energy within the Atlantic Coast area , which are in the initial development stage and are conditioned in compliance with the processes and regulations in force . The Company will release a detailed update to its Strategic Plan for the 2021-2025 cycle , seeking to integrate current market conditions , and thus improve expected results in the short and long term . The details of the Strategic Plan will be announced to the market before year end . EARNINGS RELEASE Q3 – 2021 1