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After Acquiring Three Power Plants in the Regions of Piauí, Pernambuco, and Rio Grande do Sul, AES Brazil Doubled Its Energy Production Capacity

Written by Roberta Souza

Published on 10/08/2022 at 09:21

Renewable Energy, Wind Energy

Foto: reprodução www.pexels.com

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After Acquiring Three New Wind Farms, AES Brazil, a Producer of Sustainable and Affordable Energy, Can Advance Its Power Generation Capacity

A AES Brazil has incorporated approximately 456 MW of installed power capacity from the acquisition of three new wind farms: Ventos do Araripe in Piauí, Caetés in Pernambuco, and Cassino in Rio Grande do Sul.

The three new wind farms of clean energy from AES Brazil are contracted in the regulated environment, being 100% operational and have supply until 2035. This way, AES Brazil has doubled its installed power capacity compared to 5 years ago and will have 5.2 GW of installed power capacity, 100% renewable, with 57% coming from wind and solar plants and 43% originating from hydropower, where 4.2 GW are operational and 1.0 GW are under construction, making AES Brazil the 3rd largest player in renewable energy.

AES Brazil Considers Installed Capacity of Other Wind Farms

AES Brazil is also considering the installed capacity under construction of the Tucano and Cajuína wind farms, which have 455.9 MW of operational wind energy capacity, acquired this August and still subject to changes as the projects are optimized.

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“We are looking for new and good opportunities, regardless of whether they are greenfield or M&A. AES Brazil’s excellent operational capacity allows us to take on challenges with the purchase of operational assets that under our operation maximize their profitability,” reported AES Brazil’s mergers and acquisitions director, Bernardo Sacic.

Clarissa Sadock, CEO of AES Brazil, commented: “Our strategic position stands out from other wind farms as it constitutes a vehicle for growth in 100% renewable energy, with a continuous investment in the expansion of our generating plants of energy and the development of new technologies and innovative products.” The total value of the purchase procedure for the new plants is up to R$ 2 billion, and the completion of the operation will depend on the fulfillment of common conditions precedent for this type of transaction.

“I would like to emphasize that this is the 5th M&A (merger and acquisition) and the largest carried out by AES Brazil to date, reaffirming the company’s successful trajectory and directing towards another essential step for our growth strategy and portfolio diversification through the acquisition of wind farms and the development of complementary hydropower energy projects. We are here once again generating value through growth for our shareholders,” concluded the CEO of AES Brazil.

With the Acquisition of New Wind Farms, AES Brazil Can Increase Its Private Capital

Shortly after the acquisition of the new wind farms, AES Brazil is forecasting a private capital increase that could reach approximately R$ 1.1 billion to assist in financing the wind farms, according to data from AES Brazil’s CEO.

Additionally, the CEO reported that only the company’s shareholders will be able to participate in the capital increase, further adding that the controlling group of AES Brazil could invest approximately US$ 100 million.

Since it is not a public offering, the price per share will be approximately R$ 9.61, a 10% discount calculated based on the volume-weighted average price of the shares in the last 60 trading sessions on B3, up to August 5th.

After Acquiring Three Power Plants in the Regions of Piauí, Pernambuco, and Rio Grande do Sul, AES Brazil Doubled Its Energy Production Capacity

After Acquiring Three New Wind Farms, AES Brazil, a Producer of Sustainable and Affordable Energy, Can Advance Its Power Generation Capacity

AES Brazil Considers Installed Capacity of Other Wind Farms

With the Acquisition of New Wind Farms, AES Brazil Can Increase Its Private Capital

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After Acquiring Three Power Plants in the Regions of Piauí, Pernambuco, and Rio Grande do Sul, AES Brazil Doubled Its Energy Production Capacity

After Acquiring Three New Wind Farms, AES Brazil, a Producer of Sustainable and Affordable Energy, Can Advance Its Power Generation Capacity

AES Brazil Considers Installed Capacity of Other Wind Farms

With the Acquisition of New Wind Farms, AES Brazil Can Increase Its Private Capital

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

Canadian company drills almost 100 km of wells up to 4.5 km deep, transforms an abandoned geothermal field into a giant underground radiator, and enables Germany to receive electricity from a closed-loop geothermal system on the public grid for the first time.

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A United States soldier who was on the mission to capture Nicolás Maduro bet hours before the official announcement, profited over US$400,000 on a prediction platform, and now faces federal charges.

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