RE-Pro Group, an Austrian company owned by international billionaire businesswoman Elena Baturina, continues the expansion of its business to generate, use, and market renewable energy in Europe and has recently signed the first-ever ESCO-related project in Cyprus, according to a press release from RE-Pro Group.
The ESCO (Energy Services Company) market focuses on improving energy efficiency within client premises and production facilities. All the necessary technology and know-how have been developed for four years by RE-Pro and its Cyprus-based local partner Energy & Beyond, a subsidiary of GDL Green Energy Group. The jointly developed solution provides the client with all the necessary investment, equipment, and technological support, including the installation and maintenance at their site. The first project has been agreed with Paradisiotis Ltd, one of the largest meat-producing companies on the island, according to the press release.