La Derecha Diario President Noboa attracted USD 700 million in investment with solar megaprojects.
The partnership with Cox strengthens the energy infrastructure and positions Ecuador as a leader in the green transition
President Daniel Noboa consolidated a strategic alliance with the company Cox, which will invest more than 700 million dollars in eight solar concessions in Ecuador. This agreement was signed during the UN Conference on Financing for Development in Seville, a key event where global challenges regarding sustainable development and energy transition were discussed.
The project includes more than 600 MW of solar energy combined with 1,200 MW of battery storage, as well as a new transmission line that will significantly strengthen the national electric system. These infrastructures will not only improve the country's energy stability, but will also open new possibilities for the expansion of clean industries.
It is estimated that the projects will begin operations between 2026 and 2027, allowing Ecuador to move firmly toward its decarbonization goal. The works will be developed in the provinces of Loja, Pichincha, and Chimborazo, including the La Ceiba I and II, Mátala, Tocachi, Malchinguí, and Ilapo I and II projects.
This investment will generate up to 3,000 jobs and will contribute to diversifying the country's energy matrix, promoting sustainability and reducing dependence on fossil fuels. In addition, a boost to local economies is expected through the hiring of regional suppliers and technical training of local labor.
Enrique Riquelme, president of Cox, praised Noboa's leadership and his team for facilitating an environment that attracts technological investment and fosters public-private collaboration. Energy Minister Inés Manzano highlighted that "confidence in Cox brings capital and knowledge that place the country at the forefront of the region," also noting that the adopted model could be replicated in other energy initiatives.
With this initiative, Ecuador strengthens its role as a regional benchmark in energy transition, thanks to executive management that promotes foreign investment, employment, and sustainable development. Noboa's leadership has been key to opening a new chapter in the country's green infrastructure, positioning it as an actor committed to international climate objectives.
The agreement with Cox represents not only an economic investment, but a strategic commitment to a more resilient, competitive, and environmentally responsible future.
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