Building Energy and Scotta Group’s $18.5 Million Financing

Morales & Besa advised on the transaction

A Joint Venture between Building Energy and Scotta Group secured $18.5 Million loan from Banco Security to finance the development of renewables energy projects in Chile.

Building Energy S.p.A. generates electricity from renewable energy sources and supplies it worldwide. The company, led by Fabrizio Zago, Gian Luca Bandini, Fabrizio Brocchieri, Alessandro Bragantini and Paolo Martini, is based in Milan.

Scotta Group is an italian company engaged in development of Hidroelectric power plants and industrial automation.

Morales & Besa advised Banco Security with a team including Myriam Barahona (Picture), Ignacio Delpino, Bernardo Mora, María Francisca Estrougo, Sebastián Nieme and Christian Canet.

Involved fees earner: Myriam Barahona – Morales & Besa; Ignacio Delpino – Morales & Besa; Bernardo Mora – Morales & Besa; María Francisca Estrougo R. – Morales & Besa; Sebastián Nieme S. – Morales & Besa; Christian Canet – Morales & Besa;

Law Firms: Morales & Besa;

Clients: Banco Security;

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Author: Ambrogio Visconti.