Escotel is an investment vehicle created by Spanish engineering group Enertika, to promote the development of energy efficiency projects in Latin America using the ESCo Shared Savings Scheme, where upfront investments are repaid from the savings generated by the project itself.
Through this investment vehicle, Enertika provides state-of-the-art energy efficiency management solutions for global communication companies, such as, Spain's Telefonica, with which it is currently developing and operating a project that involves more than 1,320 telecommunication base stations located in Central America and Mexico. Since base stations account for over half the energy usage of mobile operators, this innovative free-cooling solution will generate energy savings of up to 25%, cutting CO2 emissions by 1.3 million tons over a ten years period (the equivalent of saving 150,000 trees).
Grupo Ecos and SI Capital acquired a minority stake in this investment vehicle in order to gain a strategic exposure to the attractive energy efficiency market, and also strengthen the strategic and financial position of Escotel.
For more details, please contact Grupo ECOS at: firstname.lastname@example.org