Spanish firm Cox wins a $350 million, 20‑year wind‑energy supply contract in Panama
Executive summary: Cox was awarded a 20‑year wind‑energy power purchase agreement in Panama valued at over $350 million. The contract represents a major renewable‑energy investment in the region, boosting Cox’s order book and supporting Panama’s goal to increase clean‑energy share.
Who is involved: Cox (Spain), the Panamanian off‑taker (government‑linked utility), and associated financiers and EPC contractors.
Likely next: Finalization of the agreement, commencement of wind‑farm construction, and potential follow‑on renewable contracts in Central America.
Cox announced on Monday that it has secured a long‑term contract to provide wind‑generated electricity to Panama for more than $350 million over 20 years. The deal underscores growing interest in renewable infrastructure across Central America and adds a substantial revenue stream for the Spanish company. It also highlights Panama’s push to diversify its generation mix away from fossil fuels.
Timeline
- — Cox se adjudica un contrato eólico de 350 millones de dólares en Panamá (Expansión)
- — Codere reclama 100 millones de dólares tras un pleito con Cirsa en Panamá (Expansión)
Analysis — what this means
Sectors affected
- wind power generation
- Panama electricity market
Historical parallels
- Codere vs Cirsa arbitration claim in Panama, June 2026
Key entities
Sources
- Cox se adjudica un contrato eólico de 350 millones de dólares en Panamá — Expansión
- Codere reclama 100 millones de dólares tras un pleito con Cirsa en Panamá — Expansión