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.
