Aela Energía reinforces its board of directors

Santiago, July 4 2016

Aela Energía adds three new non-executive directors.

To the current board, consisting of five members from Actis and Mainstream Renewable Power, three new Chilean non-executive directors have been added. These are Ignacio Alvarez, Marcos Büchi and Sergio del Campo, who has been requested to step up as Non-Executive Director of AELA having led the company as CEO for the last two years. During this period, Sergio launched the company, formed the team and positioned the brand in the industry.

These directors join the board in order to provide local insight and to strengthen the expansion strategy of the company. Ignacio Alvarez has extensive experience in the financial field, both in executive positions and as a board member of Santander, Citigroup, AFP Cuprum, Previred, among others. For his part, Marcos Büchi has a relevant experience in the energy, water utility and industrial businesses and additionally in the insurance and financial sector, holding senior positions at the executive level as CEO of Chilquinta and Consorcio Seguros and directorships at Guacolda, Esval, Minera Invierno, Consorcio, Codelco and Cementos BSA. Meanwhile, Sergio Del Campo prior to Aela had an extensive career in the public and private sector, working for national and international energy players, including CEO of Eléctrica Guacolda, Unión Fenosa and Itabo (Dominican Republic) and his role as Sub-secretary of Energy during the period 2011-2014.

Aela Energía reinforces its board of directors 

Bart Doyle, currently CEO of Mainstream Chile, will assume the role of CEO of Aela in addition to his role with Mainstream. Doyle has been with Mainstream for nearly eight years where he has broad experience in the development, financing, procurement and construction of wind and solar projects, having built a development project portfolio of more than 8.000 MW in Chile, South Africa and North America; and, previously, having managed the construction of 15 wind farms with Airtricity, a global renewable energy company. Doyle holds a Bachelor degree in Electronic Engineering from Trinity College Dublin and an MBA from University College Dublin.

Aela Energy already has a 33MW wind farm in operation in Los Ángeles, Chile and will shortly commence construction of two further wind farms in Chile that sum to a total of 300 MW. The energy from these wind farms will fulfil the energy contracts that AELA won in the last distribution tender to supply regulated customers in Chile. Aela won 64% of the tendered energy in that tender.

The shareholders in Aela Energía are Actis (60%), an energy infrastructure investment fund and Mainstream Renewable Power (40%), a global developer of renewable energy.