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Building Energy Enters in Latin America
2018/01/27
Jan. 25, 2018
 Building Energy SpA, multinational company operating as a global integrated IPP in the Renewable Energy Industry, announces the constitution of Building Energy Andes SpA, a joint venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile. Scotta Group is an Italian specialized company involved in the design, fabrication and installation of hydroelectric power plants, as well as for industrial automation, with presence in Chile since 2006.
 
  Through the incorporation of Building Energy Andes SpA, based in Santiago, the two companies will contribute to the continuously growing renewable market in Chile, strongly driven by the increase in electricity demand, abundance of natural resources and a supportive regulatory environment. The investment plan is mainly focused on solar photovoltaic and mini-hydro power plants, which benefit from a stabilized tariff dedicated to small-medium sized renewable projects.
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