ENGIE executes ASSÚ SOL acquisition
ENGIE Brasil Energia, through its subsidiary ENGIE Brasil Energias Complementares Participações Ltda., executed today, September 28, the acquisition of the entirety of the equity capital of Assú Sol Geração de Energia SPE S.A., the holder of the Assú Sol Photovoltaic Complex project, which lies in the municipality of Assú, state of Rio Grande do Norte, with a total nominal installed capacity up to 750MW, with its development targeting the Free Contracting Environment.
The project will be implemented in a region where the Company already has a presence. The total amount of the operation is up to R$ 41,250,000.00 (forty-one million, two hundred and fifty thousand Brazilian Reais), payment of which will take place the project reaches development milestones according to schedule. The transaction is subject to the fulfillment of certain conditions precedent under the Agreement.
Currently, approximately 90% of ENGIE’s matrix in Brazil comes from renewable sources. “The acquisition increases by approximately 50% the installed capacity of our portfolio of projects at advanced stages of development, bringing it up to over 2.2 GW, in line with our strategy of investment in electric energy generation from renewable sources, accelerating the Brazilian electricity matrix’s transition,” stated ENGIE Brasil Energias Chief Executive and Investor Relations Officer, Eduardo Sattamini.
The transaction also reinforces ENGIE’s presence in Rio Grande do Norte, where it has been operating a photovoltaic generation asset since 2017, and is currently investing R$ 2.3 billion to implement the Santo Agostinho Wind Complex in the municipalities of Lages and Pedro Avelino, which lie approximately 100 kilometers from Assú.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).