ENGIE Brasil Energia has acquired two hydropower plants, adding 612 MW of capacity with a transaction valued at approximately R$ 2.9 billion, reinforcing its position in the renewable energy sector.

Information on the Target

ENGIE Brasil Energia, a national leader in renewable energy generation, has announced the acquisition of two hydropower plants: Santo Antônio do Jari and Cachoeira Caldeirão. Located in the states of Amapá and Pará, these plants will enhance the company’s generation capacity by 612 MW. The total transaction value is approximately R$ 2.9 billion, comprising R$ 2.3 billion in equity value and R$ 671 million in net debt. These assets are fully contracted in the regulated market, ensuring a stable revenue stream.

Specifically, the Santo Antônio do Jari plant operates on the Jari River, with an installed capacity of 393 MW and an average commercial capacity of 211 MW, having begun commercial operations in 2014. The plant's concession lasts until October 2045. Meanwhile, Cachoeira Caldeirão, situated on the Araguari River, boasts an installed capacity of 219 MW and an average commercial capacity of 123 MW, having commenced operations in 2016, with a concession valid until August 2048.

Industry Overview in Brazil

The Brazilian energy sector is heavily invested in renewable resources, with hydropower playing a crucial role in the country’s electricity matrix. Hydropower accounts for the majority of Brazil's total energy generation capabilities, supp