ENERGY ASSETS
Cobra IS leverages the expertise it has built with large EPC projects to develop its own renewable energy assets in several countries, thereby covering the entire value chain, from financing, building and operating facilities to marketing the produced energy. Its portfolio, mainly consisting of solar PV plants, had a total capacity of more than 5 GW at the end of 2025, including 1.2 GW in operation (in Brazil) and close to 4 GW under construction (in Spain, Brazil, the United States and Ecuador).
In Texas, United States, Cobra IS is finalising construction of the Barrett and Bynum solar PV plants (248 MWp combined), cutting CO2 emissions by more than 182,000 tonnes annually.
Cobra IS signed Australia’s first electricity transmission PPP in 2025. The 35-year partnership covers the financing, design, construction, operation and maintenance of more than 200 km of transmission lines and eight substations.
In Brazil, Cobra IS commissioned the Lins and Panorama solar PV power plants (with combined production capacity of 615 MWp) in the states of Ceará and Piauí. It also continued construction of the Cristino Castro plant (more than 750 MW), due for commissioning in early 2026. With this addition, Cobra IS will operate a total of nearly 2 GW of renewable energy capacity in the country. In the United States, it is completing construction of the Barrett and Bynum solar PV plants in Texas (248 MWp in total). Most of their output has been sold to Google, and they will avoid more than 182,000 tonnes of CO2 emissions per year. Also in Texas, it began building the Camino (241 MW), Miranda (336 MW) and Blarney (108 MW) solar projects. In Ecuador, it launched construction of the Villonaco 3 wind farm (110 MW), which will be able to power 30,000 homes. In Spain, Cobra IS is currently building almost 2 GW of solar capacity.
Meanwhile, operations in the development and preliminary study phase – principally involving solar PV plants, onshore wind farms and battery storage systems – are at various stages of maturity in Spain, Portugal, the United States and Australia.
Regarding public-private partnerships, Cobra IS reached financial close and signed the definitive contract for Australia’s first electricity transmission PPP in 2025. The 35-year partnership covers the financing, design, construction, operation and maintenance of more than 200 km of transmission lines and eight substations, along with the associated connections to renewable energy parks in one of the five renewable energy zones in New South Wales. Design has been completed and construction has begun on several of the works packages. In the states of Minas Gerais and São Paulo, Brazil, construction is under way on the Verde transmission line and its 10 substations, under a PPP, as well as on the Buriti line (approximately 1,500 km in total).