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AES Brazil and Itaú Unibanco Reach Agreement for Renewable Energy Projects

Written by Valdemar Medeiros
Published on 19/03/2021 at 11:26
AES Brasil - energia renovável - Itaú Unibanco
Painéis de energia solar – Fonte: reprodução Google
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New Investment In The Renewable Energy Market Includes This Time A Contract Between AES Brazil And Itaú Unibanco

On Wednesday (17), AES Brazil entered into an investment agreement with Itaú Unibanco, through which Itaú Unibanco will subscribe to new preferred shares of renewable energy to be issued by AES Brazil’s holding company, Guaimbê Solar Holding. Itaú Unibanco will become a shareholder of Guaimbê Holding and will hold a stake equivalent to 19.9% of its equity, through the subscription of a capital increase worth R$ 855 million.

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The acquisition of a shareholding stake by Itaú Unibanco in AES Brazil’s renewable holding strengthens its ability to attract quality investors as well as the bank’s commitment to promoting renewable energy generation.

For AES Brazil, this is an opportunity to promote its growth project, directing the resources provided by Itaú Unibanco to expand its portfolio of renewable energy projects.

Renewable Energy Company Reports Profit Of R$ 51.5 Million In 3Q20 Results

The renewable energy generator released its balance sheet for the third quarter of this year. In the document, the renewable energy generator reports a net profit of R$ 51.5 million, which represents a result 47.3% lower than the R$ 97.1 million obtained in the same months of last year.

AES Brazil

As one of the largest energy companies in the United States, AES Brazil is a subsidiary of AES Corporation. The Brazilian company operates in the sectors of services, generation, storage of electric energy, and has been present in our country since 1997.

All companies in the AES Brazil Group integrate into the holding company Companhia Brasiliana de Energia, formed by AES Corp. It holds 50.01% of the voting capital, and BNDES, the National Bank for Economic and Social Development, holds 49.99% of the voting capital.

Valdemar Medeiros

Graduated in Journalism and Marketing, he is the author of over 20,000 articles that have reached millions of readers in Brazil and abroad. He has written for brands and media outlets such as 99, Natura, O Boticário, CPG – Click Petróleo e Gás, Agência Raccon, among others. A specialist in the Automotive Industry, Technology, Careers (employability and courses), Economy, and other topics. For contact and editorial suggestions: valdemarmedeiros4@gmail.com. We do not accept resumes!

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