Energy Giant Engie (EGIE3) Bets on Solar Power Potential in Brazil and Signs R$ 3.24 Billion Purchase Contract Involving Power Plants in Bahia, Ceará, and Minas Gerais

Written by Flavia Marinho

Published on 03/11/2023 at 16:50

Usina solar Capricornio / Imagem Engie

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Purchase Of Plants In Bahia, Ceará And Minas Gerais Is Strategic: States Have Abundant Natural Resources And A Favorable Climate For Solar Energy Generation

Engie (EGIE3), one of the leading companies in the energy sector, announced a significant strategic move by signing a contract for the acquisition of photovoltaic sets in the northeast of Brazil. This acquisition, which involves solar parks in the states of Bahia, Ceará, and Minas Gerais, aims to strengthen Engie’s presence in the solar energy market and contribute to the sustainable growth of the sector in the country.

With a substantial investment and a strong presence in key states, Engie is prepared to lead the transition to a cleaner and more efficient energy matrix in Brazil, contributing significantly to a more sustainable future. This acquisition represents an important step towards a society with a lower environmental impact, driving the development of solar energy in the country.

Watch The Video Below And Get To Know The Amazing Capricorn Solar Plant

Total Value Of The Purchase Of The Plants Is An Impressive R$ 3.24 Billion, Including Debts

The purchase of the photovoltaic sets from Atlas represents a substantial investment of R$ 3.24 billion, including the assumption of the debts of the acquired company. Of the total amount, up to R$ 2.27 billion is allocated to the purchase of assets, while Atlas’ net debt amounts to R$ 971 million. This considerable value highlights Engie’s commitment to expanding its participation in the solar energy sector by leveraging the growing demand for clean and sustainable energy sources.

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Engie’s Strategy For The Future Of Solar Energy In Brazil

This strategic acquisition reflects Engie’s vision for the future and its bet on the potential of solar energy in Brazil. Eduardo Takamori, Chief Financial Officer and Investor Relations of Engie Brasil Energia, notes that “the acquisition of operating assets, with contracted energy, has become an attractive option to expand our business at this moment in the market.” The company is committed to providing clean and sustainable energy, contributing to the reduction of carbon emissions and a greener future.

Engie’s portfolio diversification will contribute to a more stable and sustainable energy supply, as well as strengthen its position as a leader in the renewable energy sector in Brazil and worldwide.

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Energy Giant Engie (EGIE3) Bets on Solar Power Potential in Brazil and Signs R$ 3.24 Billion Purchase Contract Involving Power Plants in Bahia, Ceará, and Minas Gerais

Purchase Of Plants In Bahia, Ceará And Minas Gerais Is Strategic: States Have Abundant Natural Resources And A Favorable Climate For Solar Energy Generation

Watch The Video Below And Get To Know The Amazing Capricorn Solar Plant

Total Value Of The Purchase Of The Plants Is An Impressive R$ 3.24 Billion, Including Debts

Engie’s Strategy For The Future Of Solar Energy In Brazil

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Energy Giant Engie (EGIE3) Bets on Solar Power Potential in Brazil and Signs R$ 3.24 Billion Purchase Contract Involving Power Plants in Bahia, Ceará, and Minas Gerais

Purchase Of Plants In Bahia, Ceará And Minas Gerais Is Strategic: States Have Abundant Natural Resources And A Favorable Climate For Solar Energy Generation

Watch The Video Below And Get To Know The Amazing Capricorn Solar Plant

Total Value Of The Purchase Of The Plants Is An Impressive R$ 3.24 Billion, Including Debts

Engie’s Strategy For The Future Of Solar Energy In Brazil

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

They planted a sea of eucalyptus to produce cellulose, but the monoculture turned into a green desert, dried up springs and rivers, and pushed families out of regions in Minas Gerais and Bahia.

Júlia Pimentel, an 11-year-old from Minas Gerais, independently invented a new formula to calculate the square root using simple addition and multiplication, and her method was published in one of the most important mathematical scientific journals in Brazil.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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A 10-year-old girl in Manaus created a styrofoam buoy with a sensor to detect trash in streams, became the sole representative from Latin America in an international challenge in London, and turned the pollution she saw near her home into a sustainable invention.

In the USA, thousands of people are being paid to wash dishes and clean the house with body cameras, every movement turning into data to train robots to imitate humans, in a new “digital gig” that could redefine the future of domestic work.

A 33-year-old from Paraná received a quote of R$ 12,000 just for the structural base of the house, opened tutorials on YouTube, and transformed a family plot into a 200 m² two-story house for about half the price charged by professionals.

It was neither a crash nor abandonment; this retired plane left the airport in parts, crossed Costa Rica on trucks, and ended up becoming a suite in the heights with daily rates exceeding R$ 2,000.

At 22 years old, a young person from Recife creates an artificial intelligence startup with a team barely over 25, serves giants like Bayer and Ipiranga, earns millions without taking a cent from investors, and transforms a young company into a national AI phenomenon.