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Engevix Will Also Rely on Credit Provided by Turbine and Generator Manufacturers, Own Resources, and Advance Revenue from Already Commercialized Energy
New Engevix, active in the Energy, Infrastructure, and Industry sectors, is currently negotiating financing of approximately R$ 150 million with a national bank and an investment fund, out of a total of R$ 383 million to complete the works of the São Roque hydroelectric plant in Santa Catarina. Additionally, the remaining resources will come from credit provided by turbine and generator manufacturers, own resources, and advance revenue from already commercialized energy.
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Works at the São Roque Plant Are 80% Completed by Engevix
The infrastructure work of the São Roque plant in Santa Catarina is 80% completed. With an installed capacity of 141.9 megawatts (MW), it can generate energy equivalent to the residential consumption of the four largest cities in the state: Florianópolis, Joinville, Chapecó, and Blumenau.
According to Ênio Schneider, project coordinator for the plant, the project is committed to delivering 60 average MW of energy to the distributors starting in 2025. The energy block, which corresponds to 75% of the marketable energy, will have a cash flow capable of supporting the financial equation of the project.
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656 apartments and units starting from R$ 234 thousand will build a new vertical neighborhood in Blumenau, transform Velha Grande in three years, and expand the Minha Casa, Minha Vida program’s investment in the city’s expansion.
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WEG created a battery storage system that is transforming an old mine in Finland into a renewable energy hub. The project is one of the first hybrids in the Nordic country to combine solar generation with storage and helps stabilize the national electricity grid.
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The most expensive stadium on the planet cost R$ 30 billion to be built in Los Angeles and will host eight games of the 2026 World Cup. The 110-meter screen is larger than the playing field itself, and the roof projects videos that airplane passengers see during landing at the airport.
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The vertical neighborhood with 656 apartments starting from R$ 234,000, which is being built in Blumenau, is expected to be ready in three years. MRV’s mega-condominium occupies a 70,000-square-meter plot in Velha Grande and qualifies for band 2 of Minha Casa Minha Vida.
He stated that there are still 20 average MW to sell until the end of the concession, in addition to all the anticipated energy, meaning that the plant will generate energy during the period prior to the commitment of delivering the contracted energy.
In June of next year, Engevix will also have more than two years to sell its production freely in the market. Contracts for advance sales have already been signed for delivery in 2022 and 2023, and New Engevix is evaluating the best time to hold a new auction for the remaining sale.
This report was based on the Broadcast Estadão.
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