Europe and US Trade Assets
As increasing power demand ramps up power asset prices, European and domestic entities are picking up LatAm units cast off by US investors.
After a dark period in the early years of the decade
following the collapse of Enron and choppiness in Latin
American markets, renewed interest has steadily pushed up
prices for electricity generation, transmission and
distribution assets in the larger countries. New participants
including domestic utilities, private equity (PE),
pension funds and foreign dedicated power funds are
entering as international players realign themselves in the
global power building boom by exiting. Asset prices are
expected to remain strong in line with demand.
"Right now, there are more buyers than sellers," says Scot
Swenson, chairman of New York-based Conduit Capital Partners,
an investment firm with $650 million in three funds dedicated
to generation assets and greenfield projects in LatAm. Conduit,
with advisor BNP Paribas, is taking bids on a 939-megawatt
portfolio of Caribbean and LatAm generation assets associated
with its Latin Power I and Latin Power II funds. The...
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