Sorigué strengthens its presence in the energy sector with the acquisition of Ecotelia, a renewable energy company

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Sorigué strengthens its presence in the energy sector with the acquisition of Ecotelia, a renewable energy company

July 14, 2021

In line with its Strategic Plan, the business group has acquired the company Ecotelia Servicios Energéticos to strengthen its presence in the energy sector and especially in the renewable energy generation market, both in distributed generation and self-consumption. Sorigué has been working on the sustainable and energy-efficient refurbishment of buildings, and on the generation of energy for self-consumption through photovoltaic panels, for more than a decade.

The Sorigué business group has acquired 60% of the renewable energy company Ecotelia Servicios Energéticos. The company's entry into the group is part of its goal to strengthen and organise all its services related to energy efficiency and renewable energies in a new business area: energy. The group is integrating its renewable energy projects through this new area, both in distributed generation and self-consumption, and energy recovery projects for buildings and equipment.  
With the majority acquisition of Ecotelia, the company is organising the integration of its energy services with the further aim of transforming itself into an energy services company (ESCO), thus adding value to its current activities and expanding its offer with a comprehensive service: from energy audits and assessment of efficiency measures to the study of effective financing solutions for refurbishment. 
About the acquisition of Ecotelia  

Ecotelia currently has more than 600 projects implemented, and its main geographical market is La Rioja, Navarre, the Basque Country, Aragon and Madrid.  
Sorigué's goal is to take advantage of all the synergies of the integration and to grow through geographical expansion throughout the territory where Ecotelia and the group are strongly established, as well as to launch new lines of business. 
Sorigué in the energy sector  
With this acquisition, Sorigué strengthens its position in the renewable energy sector, especially the photovoltaic sector, through its entry into the distributed generation sector, with the development of sustainable solar power plants in the territories where it operates. Sorigué will develop its strategy in the energy market through the production of energy with utility scale photovoltaic plants.  
In line with its responsible business strategy and Europe's commitment to sustainable development, the business group seeks to position itself in the development of small and medium-sized solar power plants that generate a positive impact on the communities where they are located.  
Its renewable energy strategy also includes consolidating its presence in the photovoltaic self-consumption sector, where the company already has extensive experience. For more than five years, Sorigué has been installing solar panels, mainly in residential buildings, offices, industries and, in the last year, in water treatment plants (WWTP).  
Energy recovery 

Sorigué has been conducting projects developing and refurbishing buildings in the industrial, residential and equipment sectors, such as hotels, for more than a decade. Its refurbishment works, carried out mainly through its construction department, have included the optimisation of the energy, acoustic and thermal efficiency of buildings in accordance with current regulations.  
With the aim of expanding this service, Sorigué is seeking to transform itself into an energy services company (ESCO), which will enable it to carry out an energy audit of each building, in order to assess the most appropriate solutions in each case, the execution of the work and support in the search for financing solutions to obtain the necessary investment for the refurbishment.   
Along these lines, the new energy department will seek the financing and execution of turnkey energy efficiency projects in all types of buildings and facilities, where the company has had experience for more than a decade. 
This new line of business seeks to respond to one of the most important pollution problems facing Spain and Europe: currently, 30% of greenhouse gas emissions and 40% of energy consumption are emitted by buildings in operation. According to various studies, 80% of buildings are energy inefficient. Energy rehabilitation is key to tackling this problem. 
Energy rehabilitation and the installation of photovoltaic self-consumption panels will have a highly positive impact on energy savings. It is with good reason that the International Energy Agency (IEA) has stated that "energy efficiency is the number one source of energy on this planet".  
Sorigué's proposal is fully aligned with the group's responsible business strategy and the 2030 agenda promoted by the UN through the 17 Sustainable Development Goals (SDGs).  Sorigué is a signatory to the United Nations Global Compact, an initiative that encourages companies to incorporate ten universal principles related to human rights, labour, the environment and anti-corruption into their strategies and operations, among others.  
About Sorigué  
Sorigué is a business group that was founded in Lleida in 1954. The year 2011 witnessed the first generational handover in the group, as Ana Vallés assumed the role of chair. The company is currently a benchmark in the water technology and engineering, services, energy, construction and materials sectors, with a firm commitment to innovation, the circular economy and giving back to society.  
With its strategic plans, the company has approached growth with a sustainable perspective, and it has fostered a responsible business model based on the generation of knowledge through innovation and digitalisation; people and their talent; communication; and environmental and social responsibility as the foundations of its work.   
The group undertakes its activity throughout virtually all of Spain, with main offices in Lleida, Barcelona and Madrid, as well as delegations and production centres spread across the country (Badalona, L'Hospitalet de Llobregat, Tarragona, Palma de Mallorca, Zaragoza, Huesca, Valencia, Granada and Seville). 
The group comprises over 20 active companies and an average workforce of around 4,000 employees as of 2020.