INTERNATIONAL EXPERIENCE

We have carried out more than 1,500 studies and projects in 37 countries for our clients.

Mapa G-Advisory (English) Placeholder
Mapa G-Advisory (English)

Works selection

Technical due diligence review for financing of PV plants

Technical due diligence review for the financing of 3 PV plants (60, 80 and 70 MW) located in the states of Guanajuato, Chihuahua and Morelos.

Energy

Technical due diligence review for the financing of three PV plants in Mexico

Client:

CONFIDENTIAL

Period:

2017

Location:

Mexico

Activities performed:

The technical due diligence review for the financing included the analysis of the plants’ output, the technical evaluation of the projects, including the main equipment, civil engineering and electrical system, as well as the evaluation of the technical aspects of the main contracts of the project (EPC, O&M and PPA) and of the economic model of the financing.

Contact persons:

Sofía Lazcano
Máximo Martín
Technical due diligence review for the financing of wind and PV assets

Technical due diligence review for the financing of 22 wind farms and 7 PV plants in Spain (642 MW).

Energy

Technical due diligence review for the financing of 22 wind farms and 7 PV plants in Spain (642 MW)

Client:

CONFIDENTIAL

Period:

2017

Location:

Spain

Activities performed:

The technical due diligence review for the financing included the analysis of the plants’ output, the technical evaluation of the projects, including the main equipment, civil engineering and electrical system, a visit to the facilities to ascertain their state and an opinion on their useful life. The O&M arrangements and associated O&M contracts were also analyzed, as well as compliance with permits and licenses, environmental compliance and the financial model of the transaction.

Contact persons:

Sofía Lazcano
Máximo Martín
Technical, environmental and social due diligence review for the financing of a PV plant

Technical, environmental and social due diligence review for the financing of an 80 MW PV plant in the province of San Juan.

Energy

Technical, environmental and social due diligence review for the financing of an 80 MW PV plant in Argentina

Client:

Confidential

Period:

2017

Location:

Argentina

Activities performed:

The technical due diligence review for the financing included the analysis of the plant’s output, the technical evaluation of the project, including the main equipment, civil engineering and electrical system, as well as the evaluation of the technical aspects of the main contracts of the project (EPC, O&M and PPA) and of the economic model of the financing. The environmental and social due diligence review included the evaluation of the environmental and social aspects of the project per the Equator Principles and the review of the Environmental and Social Action plan, all in accordance with the Inter-American Investment Corporation (IIC) Environmental and Social Sustainability Policy.

Contact persons:

Sofía Lazcano
Juan Pablo Pérez
Technical due diligence review for financing of electricity lines

Independent engineer for the financing of the “Distribución Valle de Mexico” project (4 transmission lines and 10 substations) in Mexico City.

Energy

Independent engineer for the financing of the “Distribución Valle de Mexico” project (4 transmission lines and 10 substations) in Mexico City

Client:

NATIXIS, SCOTIABANK E ISOLUX

Period:

2017

Location:

Mexico

Activities performed:

The financed public works (OPF) project consisted of the remodeling for the Federal Electricity Commission (CFE) of 4 transmission lines and 10 electrical substations mainly situated in Mexico City. The turnkey contractor received financing for the construction of the project.

Our work entailed the analysis of the technical and economic situation of the project for the banks providing the financing.

Contact persons:

Máximo Martín
Gilberto González
Technical due diligence review for financing of electricity lines

Independent engineer for the financing of the “Distribución Valle de Mexico” project (4 transmission lines and 10 substations) in Mexico City.

Energy

Technical advice on the issue of project bonds

Client:

NATIXIS, SCOTIABANK E ISOLUX

Period:

2017

Location:

Spain

Activities performed:

Technical due diligence review for the issue of PV project bonds without recourse for a total amount of €404 million, analysis of the plants’ output, technical evaluation of the projects, visit to the facilities to evaluate the state thereof, analysis of useful life and incidents occurred. We also evaluated the O&M arrangements and technical aspects of the O&M contracts, the environmental permits and the financial model of the transaction.

Contact persons:

Antonio Baena
Beatriz Trocolí
Comprehensive advice on the development of a biomass plant

Comprehensive technical advice to the developer of a 50 MW biomass plant to ensure the project can be funded via project finance.

Energy

Comprehensive advice on the development of a 50 MW biomass plant

Client:

GREENALIA

Period:

2017

Location:

Spain

Activities performed:

The project consisted of a 50 MW forest biomass plant situated in Curtis, Galicia.

Our technical advice on the project included the drawing up of the technical and contractual specifications for the engagement of the builder of the plant under an EPC arrangement, the evaluation of the biomass resource, contractual negotiations with bidders and the technical due diligence review for the financing of the project. We advised the client throughout the project on the technical risks of the project with a view to future financing.

Contact persons:

Sofía Lazcano
Technical due diligence review for financing of biomass plants

Technical advice on the financing of two 15 MW biomass plants located in Fundao and Viseu.

Energy

Technical due diligence review for financing of two biomass plants in Portugal

Client:

BPI, BCP & ICO

Period:

2016

Location:

Portugal

Activities performed:

The project consisted of two 15 MW forest biomass plants situated in Fundao and Viseu (Portugal).

The technical due diligence review for the financing included the evaluation of the biomass resource, the analysis of the plants’ output, the technical evaluation of the project, including the main equipment, civil engineering and electrical system, as well as the evaluation of the technical aspects of the main contracts of the project (EPC, O&M and PPA) and of the financial model of the financing.

Contact persons:

Antonio Baena
Technical due diligence review for financing of a combined cycle plant

Independent engineer for the banks in relation to the financing of a 900 MW combined cycle plant in Mexico.

Energy

Technical due diligence review for the financing of a 900 MW combined cycle plant in Mexico

Client:

Confidential

Period:

2017

Location:

Mexico

Activities performed:

The technical due diligence review for the financing involved the technical evaluation of the project, including the main equipment, civil engineering and electrical system, and the evaluation of the technical aspects of the main contracts of the project (EPC, O&M and PPA) and of the economic model of the financing.

Contact persons:

Antonio Baena
Beatriz Trocolí
Electricity price forecasting

Preparation of pool price forecasts for the project financing of the Valiente wind farm.

Energy

Preparation of pool price forecasts for the project financing of the Valiente wind farm

Client:

VILLAR MIR ENERGÍA & TRIODOS BANK

Period:

2017

Location:

Spain

Activities performed:

Our work included the forecast of future electricity prices (pool prices) using a fundamental model. Among others, the model uses as a hypothesis the installed capacity by type of technology, commodity prices, international exchanges, etc. The peak coefficient of the Valiente wind farm was also estimated by matching it in the market, taking into account its hourly load curve and variable costs.

Contact persons:

Antonio Baena
Beatriz Trocolí
Technical and economic expert reports

Preparation of the expert report on the functioning of the 8.48 MW Papertech Energy cogeneration plant and the lost profits suffered by the company following the entry into force of RD 413/2014.

Energy

Expert report on the functioning of the Papertech Energy cogeneration plant

Client:

PAPERTECH

Period:

2016

Location:

Spain

Activities performed:

In preparing the expert report, we evaluated the income of a cogeneration plant under the different regulatory frameworks (RD 661/2007 and RD 413/2014) taking into account the initial operation of the plant, analyzed the operating measures to be adopted in light of the remuneration system regulated in RD 413/2014, and calculated the profits obtained by applying these operating measures.

Contact persons:

Antonio Baena
Beatriz Trocolí
Economic advice

Preparation of a financial model in order to determine the return and percentage discount to be offered in the May 2017 renewables auction.

Energy

Preparation of a financial model in order to determine the return and percentage discount to be offered in the May 2017 renewables auction

Client:

GE Capital

Period:

2017

Location:

Spain

Activities performed:

Preparation of a financial model to simulate the specific remuneration to which the wind farms that took part in the May 2017 auction will be subject, with different levels of discount when certain regulatory parameters vary, such as market price or reasonable return, in order to obtain the IRR for the project and for shareholders.

Contact persons:

Antonio Baena
Beatriz Trocolí
Regulated and voluntary markets

Comprehensive assistance with the 2013-2015 strategy for emissions allowance applications in industries affected by the EU ETS.

Climate Change

Comprehensive assistance with the 2013-2015 strategy for emissions allowance applications in industries affected by the EU ETS. Clients in the ceramics, chemicals sectors, among others.

Client:

Clients in the ceramics, chemicals sectors, among others.

Period:

2010-2013

Location:

Spain

Activities performed:

  • Assistance with monitoring, verification of emissions and surrender of emissions allowances according to legislative requirements.
  • Analysis of the ability to use carbon credits (EUAs, CERs, other fungible credits in emissions trading systems linked to the European system) to fulfil the obligations to surrender allowances.
  • Free allocation of European emissions allowances for the period 2013-2020: independent calculation of the expected allocation according to the established legislation. Preparation of an Excel template and explanatory memo on the assumptions used.
  • Modification of greenhouse gas emissions permits in line with modifications to the plants.
  • Recurring advice on the management of obligations under international legislation and domestic implementing provisions.
  • Advice on matters relating to the Union Registry.
  • Advice on emissions allowance trading based on standard models (ISDA, IETA; CMOF, EFET, others).
  • Advice on trading on stock exchanges or organized platforms (Exchange) and on periodic auctions of emission allowances.

Contact persons:

Antonio Baena
Technical advice on the construction and operation of a CSP plant

Technical advice on the construction and start-up of a 110 MW CSP plant with power tower system in the USA.

Energy

Technical advice on the construction and operation of a CSP plant

Client:

Confidential

Period:

2017

Location:

USA

Activities performed:

The project consisted of a 110 MW CSP plant using power tower technology situated in Tonopah (USA). Our technical advice included monthly supervision of the construction of the facility, including visits to the plant and supervision of its operation during the first year of service.

Contact persons:

Antonio Baena
Sofía Lazcano
Energy efficiency

Independent engineer for the banks in relation to the financing of a street lighting project in the state of Jalisco.

Energy

Independent engineer for the banks in relation to the financing of a street lighting project in the state of Jalisco

Client:

CONFIDENTIAL

Period:

2016

Location:

Mexico

Activities performed:

The project consisted of the replacement of conventional public street lighting systems with LED technology in a large town, including the modernization of electrical circuits and control systems. Our technical due diligence review for the financing included the analysis of the lighting project, the LED technology to be installed, the potential savings of the project and all contractual, environmental, social and economic aspects of the project.

Contact persons:

Máximo Martín
Mitigation and adaptation

Implementation of a Sector Mitigation Mechanism using cogeneration in the Mexican industrial sector.

Climate Change

Implementation of a Sector Mitigation Mechanism using cogeneration in the Mexican industrial sector

Client:

CAF (Corporación Andina de Fomento) - Development Bank of Latin America

Period:

2016

Location:

Mexico

Activities performed:

  • Initial design of the Sector Mitigation Mechanism (MSM), taking into account the technologies to be incentivized and emissions reduction potential.
  • Search for potential cogeneration projects participating in the MSM as mitigation activities and selection of the projects that best fit the established eligibility criteria.
  • Economic and technical analysis of the viability of the MSM with the selected mitigation activities, estimating the potential reduction and incentives assigned.
  • Final design of the MSM with the incentive mechanism and preparation of an implementation plan.

Contact persons:

Máximo Martín
Environmental Liability Law

Performance of an Environmental Risk Analysis, in accordance with the Environmental Liability Law, of the project to reopen an iron mine.

Environment and Sustainability

Performance of an Environmental Risk Analysis, in accordance with the Environmental Liability Law, of the project to reopen an iron mine

Client:

CONFIDENTIAL

Period:

2016

Location:

Spain

Activities performed:

Aim: Performance of an Environmental Risk Analysis, in accordance with the provisions of the Environmental Liability Law and its partial implementing regulations, of the project to reopen an open-cast iron mine, to be submitted to the competent public authority.

The main tasks included:

  • Evaluation of the project to reopen the mine through review of the documentation and a visit to the mine.
  • Preliminary identification of the hazards and initiating events associated with the reopening of the mine.
  • Determination of the Basic Environmental Status of the area.
  • HAZID and HAZOP meetings to confirm the hazards and initiating events (IE) identified and select the most representative ones.
  • Working meetings to determine the likelihood of the risk scenarios occurring.
  • Determination of accident scenarios and conditioning factors.
  • Estimation of the amount of the required financial guarantee.

Contact persons:

Juan Pablo Pérez
Advice on waste treatment and management

Technical and environmental due diligence review for the Portuguese public solid urban waste management company (EGF), which manages more than 60% of all solid urban waste in Portugal.

Environment and Sustainability

Technical and environmental due diligence review for the Portuguese public solid urban waste management company (EGF)

Client:

EGF-SUMA

Period:

2015 - 2016

Location:

Portugal

Activities performed:

Aim: performance of a detailed technical audit of 65 facilities of different types (landfills, mechanical/biological treatment plants, composting facilities, CDW treatment plants, anaerobic biodigestion, biogas recovery and electricity generation plants, etc.) for the management of solid urban waste throughout Portugal.

The main tasks included:

  • Technical due diligence review of the facilities and operating data provided.
  • Identification of deficiencies, breaches and malpractice in the management of the facilities.
  • Establishment of areas for improvement and recommendations.

Contact persons:

Antonio Baena
Juan Pablo Pérez
Carbon footprint

Preparation of the carbon footprint of numerous companies.

Climate Change

Preparation of the carbon footprint of numerous companies

Client:

Multiple clients

Period:

2011-Present

Location:

Spain

Activities performed:

  • Review of the main carbon footprints of organizations similar to that of the client in order to select the best practices available.
  • Analysis of the European environmental footprint process and possible related considerations such as the organization footprint.
  • Review of data by analyzing all relevant parameters as well as a representative sample of the primary and secondary sources.Preparation of an Excel workbook for obtainment of the carbon footprint in accordance with the WBCSD GHG Protocol standards, both for calculation structuring and associated technical guides. Application of the guidelines and spirit of ISO 14064 for the potential certification of the organization under the two standards.
  • Obtainment of an emissions factor with sufficient traceability that can be updated on an annual basis and verified by a third party.

Contact persons:

Antonio Baena
Compliance

Design and implementation of the General Regulatory Compliance System at AENA.

Risk and Compliance

Design and implementation of the General Regulatory Compliance System at AENA

Client:

AENA

Period:

2017

Location:

Spain

Activities performed:

Aim: to design and implement a General Regulatory Compliance System at AENA, review the functioning of the Corporate Compliance Model, provide the entire organization with the necessary training and raise awareness, all with the participation of a multidisciplinary team with extensive experience in this area made up of professionals from the Garrigues Group.

The main tasks included:

  • Review of the general regulatory framework, corporate policies and code of conduct of Aena’s corporate governance system and preparation of the necessary documents.
  • Analysis of the regulatory compliance risks and existing controls associated with them.
  • Additional necessary controls, supervision and reporting.
  • Training and communication of the System.

Contact persons:

Laura Santiago
Contaminated land and risk analysis

Integral management of a subsoil decontamination procedure: design of the program of work, execution of the work, supervision of the decontamination process, management of dealings with the public authorities and third parties.

Environment and Sustainability

Integral management of a subsoil decontamination procedure: design of the program of work, execution of the work, supervision of the decontamination process, management of dealings with the public authorities and third parties

Client:

CONFIDENTIAL

Period:

2014-Present

Location:

Spain

Activities performed:

Aim: Integral management, with all parties involved (public authorities, third parties, operator, subcontractors, etc.), of a procedure concerning groundwater affected by historical metal contamination.

The main tasks included:

  • Detailed technical study of the problem.
  • Representation of and spokesperson for the company vis-á-vis the different parties affected/involved.
  • Organization of meetings with the public authorities to take care of the administrative matters involved in managing the project and create a trusted communication framework between the parties.
  • Identification and selection of the company tasked with designing and executing the environmental recovery and landscape restoration project.
  • Supervision of all tasks and work to be performed.

Contact persons:

Juan Pablo Pérez
Environmental/social due diligence

Environmental and social due diligence review according to the IFC Performance Standards and Equator Principles for energy projects in Latin America.

Environment and Sustainability

Environmental and social due diligence review according to the IFC Performance Standards and Equator Principles for energy projects in Latin America

Client:

MULTIPLE CLIENTS (PROMOTERS OF ENERGY PROJECTS)

Period:

2015-Present

Location:

Latin America (Chile, Argentina, Mexico, El Salvador, etc.).

Activities performed:

Aim: review of the environmental and social risks of energy projects in accordance with the IFC Performance Standards and the Equator Principles.

The main tasks included:

  • Review of the environmental and social aspects of the projects prior to the financial close of the transaction.
  • Preparation of a table identifying and providing a quantitative assessment of risks.
  • Supervision of compliance with the Environmental and Social Monitoring Plans during the construction and subsequent operation of the plants.

Contact persons:

Sofía Lazcano
Juan Cruzate
Juan Pablo Pérez
Expert reports

Preparation of technical and economic expert reports at companies holding public service concessions in the areas of integrated water cycle and waste management.

Environment and Sustainability

Preparation of technical and economic expert reports at companies holding public service concessions in the areas of integrated water cycle and waste management

Client:

SEVERAL COMPANIES (AQUALIA, VALORIZA AGUA, etc.)

Period:

2015

Location:

Spain

Activities performed:

Aim: preparation of expert reports on technical and economic disputes with the public contracting bodies in relation to public service concessions for integrated water cycle and waste management.

The main tasks included:

  • Gathering and review of documentation.
  • Meetings with legal counsel to ascertain the litigation strategy.
  • Preparation of expert report.
  • Defense of the report in court.

Contact persons:

Antonio Baena
Juan Pablo Pérez
Corporate responsibility

Assessment of corporate responsibility and management of compliance. Master Plan.

Risk and Compliance

Assessment of corporate responsibility and management of compliance. Master Plan

Client:

FRINSA

Period:

2016-2017

Location:

2016-2017

Activities performed:

Aim: corporate management in the area of corporate responsibility and compliance management, from a risk management approach.

The main tasks, performed in conjunction with a multidisciplinary team from Garrigues, included:

  • Assessment of the institutional situation and corporate management of material aspects.
  • Due diligence review of relevant areas from a legal standpoint.
  • Risk map
  • Preparation of Master Plan.

Contact persons:

Roberto García Polo
CORE Tool

Garrigues and G-advisory technology solution for compliance management.

Risk and Compliance

Garrigues and G-advisory technology solution for compliance management

Client:

Multiple clients

Period:

2016-2017

Location:

Spain

Activities performed:

CORE (Control del Riesgo Empresarial -corporate risk monitoring)- is a software tool for risk and compliance management that simplifies and reduces the work needed, both during the design of the management system and in the later stages of its life cycle.

CORE helps:

  1. Integrate the management of all types of risks and monitoring procedures (legal, environmental, operational, regarding the supply chain, etc.) in a single platform.
  2. Identify the persons responsible for each type of risk, monitoring, country, location, business unit, etc.
  3. Provide guidance in the risk identification and analysis process and standardize assessment methods through the use of specific questionnaires tailored to each type of risk.
  4. Monitor the actions established in the management system, assigning a status, person responsible and timescale for each of them, with the possibility of creating delegated actions and personalized alerts.
  5. Simplify document access and management for the documents generated in the system, by associating the policies and procedures, and the templates or records arising in connection with them, with the risks, monitoring procedures and actions.
  6. Simplify communications through automatic notification of the assignment of responsibilities or proximity of deadlines, as well as management of manual email distribution lists.
  7. Prepare reports from predesigned internal reporting templates and export information to Excel spreadsheets in a structured way, for the preparation of specific reports (statistics, indicators, etc.).

Contact persons:

Roberto García Polo
Laura Santiago
Criminal risk management systems

Support for implementation of the Group’s criminal risk management system.

Risk and Compliance

Support for implementation of the Group’s criminal risk management system

Client:

Antolín Group

Period:

2016-2017

Location:

Spain

Activities performed:

Aim: to prevent the commission of criminal offenses at organizations and improve their defense options by complying with the conditions or requirements for exemption or reduction of the Company’s criminal liability in criminal proceedings, all of the above with a multidisciplinary team of expert criminal lawyers from Garrigues and consultants from G-advisory.

The main tasks included:

  • Knowledge of the organization and preparation of a preliminary risk map.
  • Training on criminal matters and preparation of the definitive risk map.
  • Installation of and training on the compliance management tool (CORE).
  • Preparation of the management system and its constituent documents.
  • Support for the implementation of the criminal risk management systems.

Contact persons:

Roberto García Polo
Laura Santiago
Criminal risk management systems

Design and implementation of criminal risk management systems and corporate compliance systems.

Risk and Compliance

Design and implementation of criminal risk management systems and corporate compliance systems

Client:

Multiple clients in a range of sectors (confidential)

Period:

2010-2017

Location:

Spain

Activities performed:

Aim: to prevent the commission of criminal offenses at organizations and improve their defense options by complying with the conditions or requirements for exemption or reduction of the Company’s criminal liability in criminal proceedings, all of the above with a multidisciplinary team of expert criminal lawyers from Garrigues and consultants from G-advisory.

The main tasks included:

  • Knowledge of the organization and preparation of a preliminary risk map.
  • Training on criminal matters and preparation of the definitive risk map.
  • Installation of and training on the compliance management tool (CORE).
  • Preparation of the management system and its constituent documents.
  • Support for the implementation of the criminal risk management systems.

Contact persons:

Roberto García Polo
Laura Santiago
Environmental, social & governance (ESG) risks

Management of ESG risks in the supply chain of Gas Natural Fenosa.

Risk and Compliance

Management of ESG risks in the supply chain of Gas Natural Fenosa

Client:

GAS NATURAL FENOSA (GNF)

Period:

2015

Location:

Spain

Activities performed:

Aim: to reinforce ESG aspects in the management of the Group’s suppliers to ensure they are considered a risk factor, at the same level as other risk factors (operating, quality, health and occupational risk prevention, and legal risks).

The main tasks included:

  • Definition of an ESG risk methodology specific to GNF.
  • Preparation of an ESG risk map, by supplier subtype.
  • Development of specific questionnaires to analyze ESG risks.
  • Review of GNF’s codes and policies in order to integrate environmental, social and governance aspects with respect to its suppliers.

Contact persons:

Laura Santiago
Advice on the integrated water cycle

Technical and economic advice on the tender process for the concession to operate the Aigues del Ter-Llobregat upstream water distribution infrastructure.

Environment and Sustainability

Technical and economic advice on the tender process for the concession to operate the Aigues del Ter-Llobregat upstream water distribution infrastructure

Client:

AGBAR consortium

Period:

2012

Location:

Spain

Activities performed:

Aim: technical and business advice to the consortium of companies led by AGBAR for the presentation of a bid in the largest tender process for management of the integrated water cycle to date in Spain.

The main tasks included:

  • Technical due diligence review of the facilities and operating data provided.
  • Appraisal of amounts and needs in connection with the required investments.
  • Preparation of water demand projections.
  • Validation of the hypotheses of the economic and financial model prepared for the bid.

Contact persons:

Antonio Baena
Juan Pablo Pérez
Regulated and voluntary markets

Advice on the registration of more than 90 Clean Development Mechanism (CDM) and Joint Implementation (JI) projects.

Climate Change

Advice on the registration of more than 90 Clean Development Mechanism (CDM) and Joint Implementation (JI) projects

Client:

Multiple clients

Period:

2005-2012

Location:

2005-2012

Activities performed:

  • Definition of the CDM project, specifying the scope of same.
  • Analysis of the viability of the project as a CDM. Detailed analysis in order to determine whether the project is eligible according to the criteria established by the CDM Executive Board.
  • Analysis of the Certified Emissions Reductions (CERs) obtainable by the project.
  • Review of data relating to calculation of the baseline.
  • Design of the project as a CDM: preparation of the Project Design Document. Selection of the most suitable baseline and monitoring methodology. Review of environmental aspects.
  • Presentation of the project to the designated national authority (DNA) for obtainment of letters of no-objection and approval.
  • Technical assistance for validation and registration. Assistance to the client for validation of the project by an designated operational entity (DOE) and registration of the project as a CDM.

Contact persons:

Antonio Baena
Mitigation and adaptation

Study of the mitigation potential and marginal costs of abating greenhouse gases in Spain.

Climate Change

Study of the mitigation potential and marginal costs of abatement of greenhouse gases in Spain.

Client:

Spanish Climate Change Agency

Period:

2010

Location:

Spain

Activities performed:

  • Gathering of information. Identification of the sectors to be studied and data sources.
  • Evaluation of technologies and systems. Identification of the main mitigation technologies for each sector.
  • Preparation of a support tool to quantify mitigation potential.
  • Characterization and evaluation of mitigation costs and potential for the evaluated technologies.
  • Preparation of database, scenarios, development of simulations, analysis and preparation of conclusions.

Contact persons:

Antonio Baena
Regulatory advice

Report on the Spanish electricity market and preparation of projected income and costs of the electricity system with a view to evaluating the risk of generating a tariff deficit in the future.

Energy

Report on the Spanish electricity market and preparation of projected income and costs of the electricity system in order to evaluate the risk of generating a tariff deficit in the future

Client:

CONFIDENTIAL

Period:

2017

Location:

Spain

Activities performed:

The report included a full description of the Spanish electricity market and its different activities: generation, transmission, distribution and trading. It also explained the operation of the wholesale electricity market. The report also contained an estimate of the future income and costs of the electricity system with a view to evaluating the potential existence of a tariff deficit in the future, analyzing the different factors that could lead to deviation from the projected estimates.

Contact persons:

Antonio Baena
Beatriz Trocolí
Definition and evaluation of GHG emissions reduction measures and policies

Study of the consequences of climate change in the region of St. Petersburg and definition of mitigation and adaptation policies and strategies.

Climate Change

Study of the consequences of climate change in the region of St. Petersburg and definition of mitigation and adaptation policies and strategies.

Client:

European Bank for Reconstruction and Development (EBRD)

Period:

2008

Location:

Russia

Activities performed:

  • Gathering and analysis of data on economic sectors in the regions of St. Petersburg and Leningrad.
  • Analysis of the expected climate change impact.
  • Identification of mitigation options in the region.
  • Identification of adaptation options in the region.
  • Design of the regional climate change strategy: principles and general considerations.

Contact persons:

Antonio Baena