Building Energy
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| Joint stock company | |
| Industry | Energy |
| Founded | 2010 |
| Founder | Fabrizio Zago, CEO, Founder |
| Headquarters | Italy |
| Products | Electricity from renewable sources |
| Revenue | € 53 million (2013) |
| Website | www |
Building Energy S.p.A. is a vertical integrated renewable energy company that develops, engineers, constructs, and operates projects across the world. The company employ approximately 130 full-time professionals working throughout 4 continents (Europe, Africa, Asia and the Americas) andown a diversified portfolio of renewable assets within solar energy,energy storage, wind energy, biomass and hydropower.
Contents
History
Building Energy was founded in 2010 in Milan, Italy. The company started a business in the solar industry, aiming to expand geographically and within diverse technologies.In just 3 years, the company became a global player in the energy industry. In June 2013, Building Energy closed an agreement with the private equity fund,SynergoSgr, which invested about € 30m. Today the fund holds 32% of the company's share capital, while the rest of the shares were distributed amongst the top management. Currently the Building Energy Grouphas130 employees, based in the offices in Milan, South Africa, United States, Serbia, Japan, United Arab Emirates and Panama.
Company Presence
Italy
In Italy,Building Energy has developed and built 15 photovoltaic projects, ground mounted and rooftops, with a total capacity of about 150 MW. The projects are mostly located in the provinces of Lazio, Lombardy, Emilia Romagna, Marche andin minor quantity in Sardinia and Sicily. The projects are monitored and managed by the Milan office.
Africa
Building Energy is present in Africa with an office located in Cape Town. In December 2011, the company was awarded a contract for the construction of a 81 MW photovoltaic project in the town of Kathu in the Northern Cape, which was the first large utility scale project ever built in Africa, and still now (2015-Q2) the largest photovoltaic solar farm on the continent. This project is part of the first round incentive program. The € 280m implementation and financing agreements were signed in November 2012 with the South African Department of Energy and the lender Rand Merchant Bank. For this project,Building Energy worked as EPCand successfully completed the construction activities and commissioning in a year and a half (from January 2013 to August 2014). Today the company operates the solar farm and will manage it for a 20 year period.
Europe
The pipeline of Building Energy in Europe consists of 18 hydroelectric and biomass projects under the development phase by the subsidiaries in Serbia and Croatia. Building Energy Balkan is working in Serbia to develop five hydroelectric plants, for a total power of 5 MWp, and 3 biomass plants with an electrical power of 4MW and a thermal power of 20MW each. Building Energy Croatia took over the development of 10 biomass plants, composed of 5 plants of 5 MW and 5 plants of 2 MW each.
United States and the Americas
Building Energy is present in the United States with an office located in Washington, DC.In May 2013 the company signed a collaboration agreement with ABM, a NYSE-listed facility company. Building Energy designed and built a 1.2 MW photovoltaic plant in Baltimore, MD, one of the larger projects in the metropolitan area. The solar farm isconnected to the Washington Gas Energy utility and produces 1.5 million KWh per year, serving both the local community, and the health care and assistance centres of the Glen Meadows Retirement Company. Building Energy, in partnership with ABM, designed and built the 2MW photovoltaic farm at the Cornell University, which was connected to the NYSEG utility in September 2014. All the energy produced by the solar plant issold to the Cornell University, which owns the land where the facility was built.
Middle East and North Africa
Building Energy is present in the Middle East with an office in Dubai, from wherethey also manage and coordinatethe projects in North Africa. In Egypt, Building Energy is the lead member of a consortium which has been shortlisted for the development of a 20 MW photovoltaic project, to be built in KomOmbo, in the south of the country. In Jordan, the company has been selected to develop a 50MW solar project in the north of the country, which is part of the second round of the renewableenergy incentive program.
