Portuguese 
Spanish 
Operation That Could Move R$ 6.6 Billion and Give Rise to a New Energy Generation Giant, Eneva Proposes Merger with AES Tietê
Eneva, a private energy generation company with expertise in E&P and access to onshore gas, proposed yesterday (02) a merger with AES Tietê. This announcement could move around 6.6 billion reais and give rise to a new giant in the energy generation sector.
See Also:
-
Brazilian Startup Turns Coffee Grounds into Plant-Based Leather, Cutting Water Use by Over 50 Times for High-Impact Sustainable Fashion
-
World’s Largest Engie Solar Plant in Brazil Highlights Billion-Dollar Energy Waste Issue: Company Considers Batteries and Bitcoin Mining to Avoid Wasting Production
-
Air Products Cancels $2.9 Billion Clean Hydrogen Megaproject in Louisiana, Shuts Down Arizona Unit, Highlighting High Costs of U.S. Energy Transition
-
Eco Invest Auction Aims to Unlock $10 Billion in Investments, Focusing on Green Fertilizers, Critical Minerals, Batteries, and AI for Clean Industry in Brazil
- Braskem Closes Contract with French Multinational for Purchase of Solar Energy from Complex in the Northeast
- Petrobras’ Offshore Wind Energy Pilot Project is Suspended
- Job Openings for Elementary School Professionals Announced to Meet Maintenance Demand
The proposal was submitted to the Board of Directors of AES Tietê, which will have 60 days to respond. The operation is characterized by its installed capacity, totaling 6.4 GW by the year 2024.
According to the CEO of Eneva, Pedro Zinner, “The two companies have complementary portfolios. The combination of Eneva’s assets with those of AES Tietê would result in a diversified and balanced platform of essential assets to meet growth and energy demand in Brazil. The combined company would encompass all the necessary competencies for the development of new competitive projects that serve the market.”
With the merger position, depending on the request, it will bring to the market a new well-diversified company: 43% thermal, 41% hydroelectric, 11% wind, and 5% solar. The proposal still depends on several factors, such as the approval of shareholders from both companies, the endorsement of CADE (Administrative Council for Economic Defense), and Aneel (National Electric Energy Agency).
What remains is to wait for this possible merger and a significant change in Brazil’s energy market.
