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Buying plants in Bahia, Ceará and Minas Gerais is strategic: states have abundant natural resources and a climate suitable for generating solar energy
The Engie (EGIE3), one of the main companies in the energy sector, announced a significant strategic move, by signing a contract for the acquisition of sets photovoltaic in the region 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 an Substantial investment and a strong presence in key states, Engie is prepared to lead the transition to a energy matrix cleaner and more efficient in Brazil, significantly contributing to a more sustainable future. This acquisition represents an important step towards a society with less environmental impact, boosting the development of solar energy in the country.
Watch the video below and discover the incredible Capricornio solar plant
The total purchase price of the plants is an impressive R$3,24 billion, including debts
The purchase of photovoltaic sets of 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 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, taking advantage of the growing demand for clean and sustainable energy sources.
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The Juazeiro, São Pedro, Sol do Futuro, Sertão Solar and Lar do Sol solar parks, belonging to Atlas, represent strategic assets, with a total installed capacity of 545 MWac. Those parks are located in three key states: Bahia, Ceará and Minas Gerais. The presence in different geographic regions allows Engie to diversify its exposure to the solar energy, taking advantage of the favorable climatic conditions of these areas to generate clean and renewable energy.
Engie is not just acquiring solar power plants, but also a diversified portfolio of assets in operation. Most of these plants have contracts in the regulated market (ACR), providing a solid revenue base. In addition inclusion of a set of plants in Minas Gerais operating in the free environment (ACL) offers flexibility and opportunities to explore different segments of the energy market.
Engie's strategy for the future of solar energy in Brazil
This strategic acquisition reflects Engie's vision of the future and its commitment to the potential of solar energy in Brazil. Eduardo Takamori, Financial and Customer Relations Director Engie Brasil Energia Investors, notes that “the acquisition of operating assets, with contracted energy, has become an attractive option to expand our business at this time in the market”. The company is committed to providing clean and sustainable energy, contributing to the reduction of carbon emissions and for a greener future.
The diversification of Engie's portfolio will contribute to a more stable and sustainable energy supply, as well as strengthening its position as a leader in the renewable energy sector in Brazil and the world.
