AES Brazil Restructures to Facilitate Investments in the Renewable Energy Market

Written by Valdemar Medeiros

Published on 05/02/2021 at 11:43

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The Brazilian Energy Producer AES Brasil Expects to Triple Its Renewable Energy Investment Capacity

The renewable energy investment plan stipulates that AES Brasil will transfer all operational assets to the subsidiary AES Tietê Energia to secure more loans for project development. New developments will be managed by separate entities. AES Brasil currently focuses on building wind and solar parks to serve individual companies but is also considering acquiring renewable energy projects with an installed capacity between 100 MW and 300 MW.

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Last month, AES Brasil signed a memorandum of understanding (MoU) to supply 80 average megawatts (MWa) of wind power to the local ferroalloy producer Ferbasa SA and received the green light from Brazil’s competition regulator CADE for the acquisition of a 158.5 MW wind portfolio.

Currently, the local arm of the American utility AES Corp holds 3.7 GW of renewable energy plants in its portfolio, along with an additional project pipeline that will help it achieve just over 5 GW in total, the report says.

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Investments Coming Soon

AES Tietê has an investment plan of about 1.4 billion reais between 2020 and 2024, but the amount only includes already announced renewable energy projects. AES Brasil operates under its current structure with leverage, measured by the ratio of net debt to cash generation (Ebitda), between 2.5 times and 3 times.

In the new structure, depending on the project’s implementation speed, the company could aim for a ratio closer to 4.5 times, said Clarissa.

AES Brazil Restructures to Facilitate Investments in the Renewable Energy Market

The Brazilian Energy Producer AES Brasil Expects to Triple Its Renewable Energy Investment Capacity

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Investments Coming Soon

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