News

Financing, risks and guarantees, focal points of the presentation by Almar Water Solutions at the Urban Water Summit

Yesterday, Almar Water Solutions participated in the “Urban Water Summit” event organized by iAgua at the Roca Madrid Gallery, where issue number 22 of iAgua Magazine was released. The speakers at the event included Teresa Ribera, Spain’s Minister for Ecological Transition, and 10 experts who presented the best success stories in the area of water management in cities.

Felipe Guinea, Director of Structured Finance of Almar Water Solutions, was one of the experts and gave a talk titled “New models for financing and management of the construction and operation of water infrastructure in cities”. Felipe presented the Mombasa desalination project, awarded last year to Almar Water Solutions, and which is currently in the financial close phase.

Felipe also explained the advantages and experience of the company in the development of customized financial models for each type of client and/or project. In particular, he emphasized the PPP model as a solution for regions with limited liquidity but large water needs. Lastly, he made a special mention of the risks, and indicated that project guarantees normally include a wide range of possible obligations, such as, lawsuits, regulations or payments due to contract termination.

As highlighted by iAgua, water management is one of the most important services for the correct functioning of cities, home to more than half of the world’s population. The development of the technology required to guarantee water security in cities has been extremely positive in recent years, in a context where the effects of climate change are becoming more and more evident. However, there are still some pending political, financial and social challenges that need to be addressed with determination.

Almar Water Solutions, thanks to its financial capacity and experience in all types of contracts, is able to successfully respond to all of the specific requirements of each project and geographic area. The company is also committed to always being present throughout the entire project cycle, from when the need for water supply arises, to the commissioning of the plant and subsequent maintenance.

 

Water and climate change, main lines of Almar Water Solutions’ presentation at the Climate & Water Summit

On 20 March Almar Water Solutions took part in the “Climate & Water Summit” event organized by iAgua Magazine at the Círculo de Bellas Artes in Madrid, Spain. Our CEO, Carlos Cosín, gave a presentation entitled “Unconventional Water Tendencies as Solutions to Climate Change”.

He began by reminding the audience of some relevant data: last year, according to the World Meteorological Organization (WMO), the atmospheric concentration of CO2 reached 403.3 parts per million (ppm), the equivalent of 145% of the pre-industrial levels prior to 1750. Moreover, according to a study from the University of Washington there is only a 5% chance that global warming will not exceed 2 ºC and 1% that the temperature will be reduced by 1.5 ºC, the target set by 195 countries in the 2015 Paris Agreement. These data are extremely alarming for the planet’s sustainability and thus for the peaceful coexistence of its inhabitants.

Carlos went on to develop his thesis that the water desalination and reuse technologies are a competitive, sustainable solution to the problems raised by climate change. He emphasized the fact that membrane technology, especially reverse osmosis which has achieved reductions in the order of 3.5 to 4 kwh/m3, is successfully reducing energy consumption, a critical parameter for these solutions.

Lastly, Carlos explained that the combination of these technologies with renewable photovoltaic energy production and current market prices provide a clearly sustainable option that would significantly reduce water rates and also enable emission-neutral production.

The Climate & Water Summit brought together the leading companies in the water sector and public and private organizations that develop projects and solutions to combat and mitigate the effects of climate change. The Spanish Government’s climate change policies and their relationship with water resources were also presented.

Almar Water Solutions, very active in this type of forum, is a company specializing in the development, promotion, financing, design and operation of water infrastructures, with a firm commitment to building a better world through innovative solutions to address water challenges and climate change.

Almar Water Solutions wins the iAgua award for “Best Year-on-Year Evolution”

Almar Water Solutions has received the award for “Best Year-on-Year Evolution” at the fourth edition of the iAgua awards. The judges evaluated the progress and intensive activity by Almar Water Solutions during its first year at events, in the press and on social networks.

Today, 20 December, the iAgua award ceremony has been held in Madrid to recognize best practices in the area of communications in the water sector. Almar Water Solutions was nominated in two categories: “Best Company” and “Best Year-on-Year Evolution”. The award has given for the category “Best Year-on-Year Evolution” and has been accepted by Carlos Cosín, the company’s CEO.

In his acceptance speech, Carlos has explained that “since the birth of the company, Almar Water Solutions has been aware of the importance of communication to increase its exposure and present its strategy in the water sector, and that the water sector in general has undoubtedly made very important changes in the area of communications in recent years, joining along in the use of the new technologies and leaving behind the image of a tightly closed industry”.

The creation of Almar Water Solutions marked a milestone that brought together a group of professionals with extensive experience and knowledge in the water sector, with a desire to undertake large projects that will help alleviate the supply problems in many parts of the planet, and communication is the key to transmitting that desire and that work.

The event has included more than 100 nominees in 27 categories for entities and professionals, bringing the representatives of the water sector in Spain together in the same place. Almar Water Solutions would like to congratulate all of the award winners and emphasize that it will continue to work to develop water projects that help improve the lives of people.

Almar Water Solutions and its CEO Carlos Cosín are featured in the new issue and presentation of iAgua Magazine

Almar Water Solutions and its CEO Carlos Cosín are featured in the new issue of iAgua Magazine, one of the most important magazines in the water sector in Spain and Latin America. In this last edition, Carlos Cosín is featured on the magazine’s cover and he gives an exclusive interview in the body pages of the magazine. He explains the key challenges the water sector will face in the coming years, and addresses topics such as Public-Private Partnerships (PPP) and their advantages over other business models when implementing water projects.