Building Energy, an Italian multinational that operates as a Global Integrated IPP in the renewable energy industry, has signed a purchase agreement to acquire 4energia, an independent energy trader founded to buy electric power from small and medium scale plants for energy producers in Italy.
The agreement will see the merger of these two established players in the energy industry. 4Energia headquartered in Milan, having been founded in 2014 by Roberto Colicchio, Paolo Esposto, Carlo Mereu and Andrea Russo, managers with decades of experience in energy markets. In 2016, the company’s total sales topped €65 million and its current total capacity is 350 MW.
As part of the company’s constant development strategy, the acquisition will expand Building Energy’s in the energy market. Innovation has always been at the core of Building Energy, but this new addition will drive this forward on the back of the synergies created with 4energia. The latter has always offered a comprehensive approach to every aspect of managing an electric power portfolio and its substantial expertise and know-how. Encompass areas such as energy trading, the management and optimization of its own and third-party energy production portfolio, the development and coordination of the operational and IT processes needed to buy and sell energy from independent producers.
“We are very pleased to announce the acquisition of 4energia,” explained Fabrizio Zago, CEO of Building Energy. “For us, this is a new piece in the strategic jigsaw to strengthen our business in the energy industry. This transaction merges two dynamic companies known for their innovative approaches and it will allow us to develop new growth strategies and synergies to further consolidate our positions in Italian and international markets.”
Building Energy is a multinational company operating as Global Integrated IPP in the Renewable Energy Industry on four continents. The company is vertically integrated on the value chain, from the development of projects to the sale of energy. With a pipeline in 24 countries with over 2,600 MW and generative assets being built over the next two years for more than 700MW, the company is positioned to be one of the major players on the international scene in the renewable energy field. For further information, visit the site www.buildingenergy.it.