ENGIE Brasil Energia acquires the Serra do Assuruá wind project, state of Bahia
On May 5, 2022, the Board of Directors of ENGIE Brasil Energia approved the acquisition of the development rights of Serra do Assuruá, contingent on fulfilling certain conditions precedent. The project is to be implemented in the same state where the Company operates the Umburanas, Campo Largo 1 and Campo Largo 2 wind complexes.
With a maximum value of R$ 265 million, the acquisition includes 24 grants for developing and operating wind projects totaling 882 MW, together with other assets such as a leasing agreement and wind and wind measurement tower data pertaining to the current project owners, PEC Energia S.A. The project is notable for the availability of a guaranteed hookup to the grid, the National Interconnected System, eligibility to transmission tariff reduction benefits and a preliminary environmental license issued by INEMA, the state of Bahia environmental protection agency.
“We continue alert to the opportunities of acquisitions for furthering and accelerating our long-term growth in renewable generation. Now including Assuruá, our portfolio of projects at an advanced stage of development has now reached the 3 GW mark”, commented the Company’s Chief Executive and Investor Relations Officer, Eduardo Sattamini.
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).