General – acquisition
DNV has acquired the consulting arm of Antuko, a leading energy price forecaster.
Antuko, with headquarters in Chile, South America, 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.
Antuko was founded in 2010 in Chile to provide incoming non-conventional renewable energy developers with key data and intelligence to help them penetrate that market.
Later Antuko expanded into Mexico (2015), Spain (2016) and Portugal (2016), and as of today has performed more than 300 consulting projects, helping the development, financing and construction of more than 4GW of new renewable assets.
Antuko is also strong in M&A advisory (more than 20 transactions) and in market representation (400MW of assets under management).
“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 and Antuko joining the DNV family gives us the opportunity to offer better services to our customers,” says Ditlev Engel, CEO of Energy Systems at DNV.
“Through this integration into DNV, Antuko will gain access to a much larger global network as well as the opportunity to expand its services,” says Olivier Potart, founder and CEO of Antuko.