Brazil seeks to improve the port sector with competitiveness in tenders
GRI Club Infrastructure
High-level content and networking, shaping the present and future of the infrastructure market
The GRI Club Infra & Energy hosted a meeting titled "Port Auctions: Strategies for Boosting Competitiveness ." The event featured Flávia Takafashi, director of the National Waterway Transportation Agency (ANTAQ), and members of the GRI Club.
During the meeting, it was discussed that the privatization of ports emerges as a solution to address existing deficiencies in port management, aiming to ensure faster modernization and operational improvement.?
The Brazilian port sector is currently undergoing a critical period of reflection and improvement efforts to enhance competitiveness and efficiency in future auctions. Discussions surrounding this theme have highlighted various challenges and potential pathways to improve the concession and leasing processes of ports.
On another note, the GRI Club also hosted the Rail Mobility event, where the importance of a robust pipeline of mobility projects to drive economic and social development in the addressed regions was discussed. Highlights included discussions on railway lines, expansion of metro networks, installation of Light Rail Vehicles (VLT), and electrification of heavy-duty fleets.
?? This and other topics will be discussed at Latam Infra & Energy 2024, the leading annual conference bringing global senior leaders from the Infrastructure and Energy sectors together to network and discuss project development in Latin America.
Bridging Markets: Strengthening Economic Ties Between Mexico and Spain
According to White & Case, despite challenging conditions in the M&A landscape, the flow of deals between Mexico and Spain has remained steady, offering opportunities for dealmakers in both regions. Despite facing hurdles such as rising interest rates and increasing capital costs, both markets have sustained investment activity.
Spain experienced a significant decline in M&A deal value, dropping by 24.6% year-on-year to US$41.4 billion in 2023—the lowest level in 18 years, according to Mergermarket. Similarly, Mexico saw a nearly 50% decrease in M&A activity from US$16.5 billion in 2022 to US$8.8 billion in 2023.
The historical, cultural, and linguistic ties between Mexico and Spain have contributed to the resilience of their deal corridor, even amidst political and macroeconomic disruptions.
With strong connections across various sectors including banking, infrastructure, energy, agribusiness, among others both countries remain closely aligned.
Alliances like these will be promoted at Ibero Latam GRI 2024 , an event that will bring together investors, construction companies, concessionaires, banks, and Latin American public entities in Madrid to engage in direct dialogue with Europe's most significant funds and investors to create financing solutions and develop projects.
Atlas and Codelco sign landmark 24/7 PPA for a new solar project in Chile
Atlas Renewable Energy has signed a power purchase agreement (PPA) with Codelco, the state-owned Chilean mining company and the world’s largest copper producer, for the supply of 375 GWh of 24/7 energy per year. This energy will be generated by a new renewable energy project in Chile, which will feature an integrated battery energy storage system.
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The PPA, incorporating advanced technology such as batteries, was signed following a public tender held by Codelco, in which Atlas was awarded the contract. The supply of clean, renewable energy is set to commence in 2026 and will continue for the next 15 years.
Atlas' pioneering commitment in Chile and the region aims to enhance stability and reliability in electricity supply. This project, which incorporates cutting-edge technology and solar energy expertise, represents a significant advancement in Chile's and the region's energy supply contracts.
Carlos Barrera, CEO of Atlas Renewable Energy, emphasizes, "The formalization of this PPA with Codelco, a world-renowned institution in the mining industry, underscores Atlas Renewable Energy’s commitment to developing innovative energy solutions tailored to our customers’ needs. With this project, we formally announce our entry into battery storage technology."?
Vinci Partners and Compass Merge to Strengthen Investment Solutions in Latin America
According to Fus?es & Aquisi??es, Vinci Partners, a pioneer in providing investment solutions in traditional and global alternative assets for institutional investors, family offices, intermediaries, and HNWIs in Latin America, has announced a merger with Compass.?
The merger brings together Vinci Partners' expertise in providing investment solutions with Compass' extensive experience in managing a wide range of funds and investment strategies focused exclusively on Latin America.?
This includes credit management, covering funds and portfolios across the risk spectrum from investment grade to private credit, including high-yield strategies in Latin America, as well as public equity management, handling pan-Lat-Latam and country-specific equity funds and mandates for Latin American and global clients.
Alessandro Horta, CEO of Vinci Partners, stated, "This combination with Compass marks the most significant step so far in our long-term strategic growth plan presented at our Investor Day, allowing us to expand our presence in Latin America, one of the most attractive markets for alternatives."?
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