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Neoenergia invests R$500 million in partnership with Comerc Energia for photovoltaic plants, a million-dollar investment aimed at boosting the generation of renewable energy in five Brazilian states

Written by Bruno Teles
Published 02/10/2023 às 14:45
Neoenergia invests R$500 million in partnership with Comerc Energia for photovoltaic plants, a million-dollar investment aimed at boosting the generation of renewable energy in five Brazilian states

New agreement worth R$500 million points to the solar revolution in the states of Bahia, São Paulo, Rio Grande do Norte, Pernambuco and the Federal District

São Paulo – In a strategic move that meets the growing demand for sustainable energy, neoenergy announced a new partnership with Commerce Energy. The information was confirmed by CEO of Neoenergia, Eduardo Capelastegui, in a statement that highlights the company's ambition to strengthen its presence in the renewable energy market.

Focus on distributed generation

The partnership's main objective is the development and operation of photovoltaic plants in the states of Bahia, São Paulo, Rio Grande do Norte, Pernambuco and the Federal District. According to Capelastegui, the agreement is perfectly aligned with the strategy to promote renewable energy from Neoenergia.

The project has the potential not only to accelerate the energy transition in Brazil, but also to contribute to the country's decarbonization.

Investment and approval

With a total investment estimated at R$500 million, the initiative is subject to approval by the Administrative Council for Economic Defense (CADE).

The announcement comes at an opportune time, as September proved to be an especially significant month for the company. Besides this agreement with Comerc Energia, a Neoenergia concluded another important partnership, this time with Warrington, for the equal division of the share capital of several transmission concessionaires, such as Neoenergia Jalapão and Neoenergia Santa Luzia, among others.

Financial and strategic reinforcement

the entry of sale proceeds, held at September 29 day and which surpasses the R $ million 1,1, will strengthen Neoenergia’s financial health. The maneuver is also in line with the rotation strategy of company assets, which focuses on optimizing and enhancing your portfolio.

The announcement consolidates Neoenergia as a significant player in the Brazil's renewable energy. It now remains to wait for the next chapters of this partnership that promises to revolutionize the sector and contribute to a more sustainable future.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 2.300 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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