Eneva intends to install a centralized solar energy generation plant in the region of Juazeiro, Bahia, with an installed capacity of 870 peak megawatts
Last Friday (the 29th), the eneva – Brazilian energy company – announced the contracting of a long-term financing, in the amount of R$ 300 million, between Banco do Nordeste (BNB) and SPF Futura 4 Geração e Comercialização de Energia Solar, through the transfer of funds from the Northeast Constitutional Financing Fund (FNE).
According to Eneva, the funds from the contract complement another fundraising carried out in 2021, in the total amount of BRL 450 million, by SPE Futura 3 Geração e Comercialização de Energia Solar SA, SPE Futura 5 Geração e Comercialização de Energia Solar SA and SPE Futura 6 Geração e Comercialização de Energia Solar SA, also jointly with BNB.
The contract has a term of 24 years and the commercial operation is expected to start in the fourth quarter of this year
In addition, the term of the agreement is 24 years, with an 18-month grace period for interest and principal and the cost of the IPCA + 3,49% per year, considering the contractual compliance bonus. The document was approved by Eneva's Board of Directors on July 21.
Under this bias, the objective of the financing is related to the construction of the Futura 1 Project, which consists of a centralized power generation plant solar energy to be located in the region of Juazeiro, Bahia, with an installed capacity of 870 peak megawatts (MWp) of energy.
The commercial operation is scheduled to start for the fourth quarter of this year. The project was developed after the recently concluded acquisition of Focus Energia, in which Eneva inherited three solar plants, which, together, add up to a power of approximately 4 gigawatts-peak (GWp).
On Friday, when the announcement was made, Eneva's shares fell by 0,33%, to R$ 15,21. Taking into account the last 365 days, there was an accumulation of devaluation of the shares of 7,59%, however, according to the consensus estimates obtained by the Investing.com Brasil website, there are possibilities of a gain of 7,30% over the next 12 months , to BRL 16,32.
Learn more about Enva
Eneva is a Brazilian integrated energy company, active in the sectors of generation, production and exploration of oil and natural gas and electricity trading. It entered into operation in October 2007.
The company stands out, among other factors, for the generation of electricity using natural gas. According to data from the National Electric Energy Agency (ANEEL), Eneva's plants represent 11% of the installed natural gas capacity in Brazil, which makes it the largest private company in terms of thermoelectric power in the country.
Among the group's main projects are the Parnaíba Thermoelectric Complex (natural gas), the Porto do Itaqui Thermoelectric Power Plant (mineral coal), the Tauá Power Plant (solar energy) and the Pecém II Thermoelectric Power Plant (mineral coal).
Also read this article: Eneva targets the energy transition market and creates new natural gas hubs to market the product as an alternative to fuel oil
The scenario in Brazil for this Wednesday, (27/07), is one of a strong movement of energy companies and industrial companies towards the adoption of cleaner and more sustainable energy sources. Thus, Eneva is creating new hubs for the production and sale of natural gas, focusing on the energy transition market so that gas serves as an alternative to fuel oil, contributing to the environment.
Eneva is now focusing on the Brazilian energy transition market and developing new natural gas production and marketing hubs to boost the national energy and industrial segment. In this way, the company still invests in the purchase of thermal energy and during the next auction in September, it will contract 2 GW of the 8 thermoelectric GW of compulsory deployment, according to the Eletrobras Law (law 14.182/2021).
For more information, access the full article. here.
