DNV bolsters energy consulting company with Antuko acquisition, NV5 obtains Sage Energy Consulting

• Energy advising DNV has gotten the consulting arm of Chile-based energy price forecaster Antuko, taking aim at the Latin America and Iberia power markets.

At the same time US-based energy expert Sage Renewable Energy Consulting has actually been acquired by fellow consultancy team NV5 Global.

Founded in 2010, Antuko offers quantitative analysis, market knowledge, threat assessment and also energy price projections for the Chilean, Mexican and Iberian power markets, having expanded right into Spain and also Portugal in 2016.

To day, the company has assisted the advancement, funding as well as building and construction of more than 4GW of brand-new renewable energy assets, while additionally sustaining more than 20 purchases with its M&An advisory team.

Ditlev Engel, CEO of energy systems at DNV, claimed both business had been teaming up in details power markets for time, keeping in mind that the mix of the duo's solutions is an "outstanding strategic fit".

"Through this combination into DNV, Antuko will access to a much larger global network in addition to the chance to increase its solutions," Olivier Potart, owner and also CEO at Antuko, added.

Financial terms of the offer were not divulged.

NV5's purchase of Sage, which has actually managed greater than US$ 2 billion of clean energy projects and also negotiated power acquisition contracts, was made using a combination of cash money and supply, with NV5 mentioning Sage would certainly be quickly earnings-accretive for the firm.

"Clean energy is a market with high market growth potential, as confirmed by Sage's continued organic development, as well as we are excited to add Sage's team and capacities to our Energy Effectiveness and Decarbonisation team," Ben Heraud, COO for energy performance and also decarbonisation at NV5, said.