ENGIE Brasil Energia has successfully sold its Pampa Sul Thermal Power Plant, transitioning to become the largest producer of 100% renewable energy in Brazil and reinforcing its commitment to sustainability.
Target Information
The sale of Pampa Sul Thermal Power Plant, the only coal asset in its portfolio, marks a significant step forward for ENGIE Brasil Energia, positioning the company as the largest producer of 100% renewable energy in Brazil. This transition underscores ENGIE's commitment to sustainability and a reduction in greenhouse gas emissions, which saw a drastic decrease from 1,108,000 tCO2e in 2022 to 671,000 tCO2e in 2023, a reduction of 39.4%.
ENGIE is actively investing in renewable energy and transmission lines, with R$ 2.9 billion allocated in 2023 and projections for an additional R$ 13.8 billion between 2024 and 2026. This financial commitment demonstrates ENGIE's strategy to enhance its renewable energy infrastructure while aligning with its goal of net-zero emissions by 2045.
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Industry Overview in Brazil
The Brazilian energy sector has witnessed transformative changes in recent years, particularly in the renewable energy domain, fueled by a strong governmental push towards sustainable deve
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invested in
Usina Termelétrica Pampa Sul
in 2023
in a Other deal