Wind And Solar Energy: Engie Allocates Capital And Says It Will Continue Investing In Renewable Energy

Written by Roberta Souza

Published on 15/12/2021 at 09:29

Updated on 15/12/2021 at 10:34

Foto: reproduçao

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According to Company Director Guilherme Ferrari, Investments Will Be Directed Toward Wind and Solar Energy

Guilherme Ferrari, Director of New Investments at Engie Brazil Energy, stated that the company’s new investments will be directed toward the generation of wind and solar energy. “Even considering the end of the wire tariff subsidy (starting in 2022) and the strain on the supply chain, wind and solar sources remain more competitive and that’s where we will continue to direct our investments, looking for new M&A (acquisitions) opportunities and greenfield projects (new),” said the director during an event with investors.

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Moreover, the director stated that the new investments in wind and solar energy, with participation in auctions, will be quoted for areas where Engie already has generation plants or transmission lines. Guilherme also mentioned that the company has a “robust” capacity of about 2.2 GW and highlighted that, in 2022, Engie intends to begin the implementation works of the Assu Solar project in Rio Grande do Norte.

Ferrari also mentioned that by 2025, there are 1 GW of Engie projects to be carried out, aiming to take advantage of the subsidies from the wire tariff, and that the company also intends to invest in the recently approved hybrid generation plants by the National Electric Energy Agency (Aneel).

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Share Offering in the Stock Market

The CEO of Engie Brazil Energy, Eduardo Sattamini, stated that the company does not intend to make a follow-on in the short and medium term.

Despite this, Eduardo stated that Engie does not rule out the possibility of offering shares on the stock market in the future, given that the company has the potential to grow even more, but this could represent a new risky indebtedness. Thus, the sale of shares would be a way to keep Engie’s capital safe.

TAG Investment Plan

Guilherme Labanca, CEO of the Associated Gas Transporter (TAG), a company operating under Engie’s control, declared that the transporter can present a “more ambitious” investment project for the 2022-2026 quadrennium, compared to the current 2021-2025 plan, which forecasts R$ 1.5 billion.

The plan is currently under review. The director mentioned the company’s plans for the coming years, which include not only investments in the maintenance and integrity of existing lines but also the construction of new networks.

One of the projects aims to connect the liquefied natural gas (LNG) terminal in Sergipe to TAG’s gas pipeline network, covering a distance of 25 kilometers. The company also intends to start, next year, the works on the Gasfor II pipeline in Ceará. The goal is to reduce operational risks by relocating part of the current Gasfor pipeline from the Metropolitan region. To this end, R$ 250 million will be invested in 80 kilometers of network.

During an event with investors, Guilherme Labanca stated, “we want to be leaders by investing heavily,” regarding the opening of the gas market. Additionally, he commented on the prospects of transporting hydrogen, a function in which Engie already has experience in Europe.

Wind And Solar Energy: Engie Allocates Capital And Says It Will Continue Investing In Renewable Energy

According to Company Director Guilherme Ferrari, Investments Will Be Directed Toward Wind and Solar Energy

See Other News:

Share Offering in the Stock Market

TAG Investment Plan

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Wind And Solar Energy: Engie Allocates Capital And Says It Will Continue Investing In Renewable Energy

According to Company Director Guilherme Ferrari, Investments Will Be Directed Toward Wind and Solar Energy

See Other News:

Share Offering in the Stock Market

TAG Investment Plan

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.

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.

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.

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.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

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The Brazilian state most vulnerable to natural disasters accounts for 41% of Civil Defense alerts, faces cyclones, floods, hail, and tornadoes, and lives under a climatic combination that seems like a perfect storm.

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Seen from high in the stratosphere, a Lego Star Devourers rose to 34,988 meters attached to a balloon, returned to Earth intact, and entered the Guinness World Records in a record that seems like science fiction.

Believe it, it existed in ancient India: for over 2,000 years, execution by elephant used sacred animals to crush convicts in public and spread fear as a brutal display of power.