DNV, the independent energy expert and assurance provider, has acquired the consulting arm of Chile-based Antuko, taking aim at the Latin America and Iberia power markets.  

Founded in 2010, Antuko is a specialist in quantitative analysis, risk assessment, market Intelligence, transactional advisory and market representation. Its global team of qualified experts have extensive experience in electrical market analysis and modelling, and currently provide Antuko’s services in the Chilean, Mexican and Iberian power markets.  

Auntuko initially provided incoming non-conventional renewable energy developers with key data and intelligence to help them penetrate that market. Later, Antuko expanded into Mexico, Spain and Portugal. To date, the company has aided the development, financing and construction of more than 4GW of new renewable energy assets, while also supporting more than 20 transactions through its M&A advisory team

Ditlev Engel, CEO of Energy Systems at DNV, said, "DNV and Antuko have been collaborating in the Iberian, Mexican and Chilean energy markets for some time, particularly when there is a need for power forecasting or any kind of financial approach to energy generation and its commercialization strategy. The combination of our services in this area is an excellent strategic fit. Antuko joining the DNV family gives us the opportunity to offer better services to our customers."

Financial terms of the deal were not disclosed.

DNV’s 2020 Energy Transition Outlook forecasts that electricity demand will more than double over the next three decades, raising the share of electricity in the global energy mix from 19% in 2018 to 41% in 2050. Over that time frame, the growth in electricity demand in manufacturing will be 46%, in buildings 100%, and in the transport sector electricity use will grow 26-fold. 

Reliable power price forecasts are essential to the decision-making process for energy investments. Deeper insight into how wholesale power prices develop and what factors can affect their evolution in each market is also critical to help decision makers fully understand the risk landscape they operate in and so make the right investment choices for their risk preferences. 

“The integration of Antuko´s capabilities into our DNV portfolio offers our customers, investors, financial institutions, owners and operators, a one-stop-shop for their energy projectsm," said Santiago Blanco, regional director of Southern Europe, Middle East, Africa and Latin America Energy Systems at DNV.

“We are providing a holistic approach, covering both the technical dimension of the project, including the amount of energy a project and portfolio could generate based on technology and also the market revenues that they could obtain as well as ways to optimize a customer’s commercial strategy. With this acquisition, DNV continues to consolidate its position as a market leader in the very dynamic market of due diligence for energy project finance and mergers and acquisitions advisory.”