Canada’s Algonquin Flies South, Renewing Focus on Latin America Water Opportunities
On 19 October 2020, Ontario, Canada-based Algonquin Power and Utilities Corp. completed an agreement to purchase a 93.96% stake (up from the original 53.51% on 11 September 2020) in Chilean water utility Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) from Aguas Andinas. The deal comes amidst political uncertainty partly shaped by an upcoming referendum on Chile’s constitution.
In this Research Note:
- How Algonquin has bolstered its global water position
- Challenges for new market entry into traditionally stable Latin America market
- Latin America private water utility landscape