Enel X and BCI sign an alliance to accelerate companies' energy transition

Published on Wednesday, 12 April 2023

·       The agreement aims to grant financing alternatives with preferential rates to all companies seeking to make their operations more sustainable, promoting incorporating renewable energies through electromobility projects and solar energy-based photovoltaic systems.

Santiago, April 12, 2023 – Enel X and Banco Bci have joined forces to address climate change and accelerate the business sector's energy transition by signing an alliance to facilitate, promote and encourage renewable energies in the processes of companies and industries.

The agreement will allow business customers to capitalize on the experience of both companies and access Enel X energy efficiency solutions. The latter mainly focuses on photovoltaic and electromobility projects, making different financing alternatives available with preferential rates granted by Bci to invest in green technologies, which will contribute to their business's sustainability operations and achieve significant savings in their energy bills.

Enel X has developed solar and energy efficiency projects throughout Chile, incorporating more than 30MW connected for electromobility in transportation, exceeding 2000 electric buses and their corresponding charging infrastructure for private and public sectors.

"Energy transition in business and industry are part of Enel X's priorities. We have to address them jointly, so this alliance with Bci, one of our country's main banking institutions, converges in a unique and shared vision, such as the electrification of companies based on clean, efficient, and renewable energies,” said Karla Zapata, Enel X Chile's general manager.

Juan Ignacio Acevedo, Bci's Strategy Manager, said that "Bci is extremely proud of this alliance because, for us, it means another step in implementing our sustainability strategy, which seeks to support and accompany our clients towards a greener future, generating benefits for them and making a positive contribution to the environment, in favor of a low-carbon country. This agreement enhances the possibilities for companies to access these technologies and contribute to decarbonization".

In this way, Bci's corporate clients will be able to implement electric fleet projects with their respective charging infrastructure and photovoltaic systems based on solar energy, being eligible for financing of up to 90%, a "fast track" process for approval, and a technical evaluation at zero cost.

About Enel X

Enel X Chile offers an ecosystem of solutions that transforms energy into new opportunities in different sectors associated with intelligent public lighting projects, energy efficiency, charging infrastructure for electric mobility, distributed generation, energy efficiency solutions in public and industrial institutions, and the mass market (residential). Each of Enel X's solutions aims to meet the objectives of decarbonization, electrification, and digitalization based on sustainable and innovative actions to benefit cities, companies, and people.

About Bci

Banco de Crédito e Inversiones, Bci, is an international financial corporation founded in Chile in 1937. In terms of total assets, it is today the largest bank in the country, and its subsidiary City National Bank (CNB), is the second largest local bank in the state of Florida, United States. Bci aspires to become an articulator of timely and efficient financial and non-financial solutions, enhancing the development of people, businesses, and communities.