Connection

popular articles

Adani Power and Green Energy join forces for 6600 MW of power in Maharashtra
Algeria compensates for Medgaz maintenance with higher LNG sales
Nexans confirms its forecasts and announces new strategy for November
Africa: Strategies and Challenges of Renewable Energy Policy
Technip Energies wins a billion-dollar contract for a gas-fired carbon capture plant in the UK

Brazil: wind and solar power boost Neoenergia’s results

In Brazil, Neoenergia announces increased wind and solar production from renewable energy projects.

Please share:

In Brazil, Neoenergia announces increased wind and solar production from renewable energy projects.

Increased production

In Brazil, Neoenergia reports that its production increase in the third quarter of 2022 represents 92% compared to the same period in 2021. This increase reached a record of 1434GWh. Since January, production has been 2861GWh, 84% higher than the same period in 2021.

Availability during the quarter was above 97%, as expected. This performance has a positive impact on the Brazilian company’s financial results. The company’s profit from January to September was 3.8 billion reais.

In Brazil, Neoenergia emphasizes that the investments in this activity are in line with the company’s strategy. The company ended the third quarter with 44 wind farms and two solar farms in operation and under construction. Laura Porto, Neoenergia’s executive director of renewable energy, says:

“Our growth is based on the company’s financial discipline, commitment to decarbonization and development of new technologies. We believe that demand will continue to grow, particularly in the open market, and that renewables have competitiveness and attributes for a market that increasingly requires a commitment to ESG practices.”

Financial performance

This performance is the result of the start of commercial operations on two projects. Neoenergia Oitis is a wind farm complex located between Piauí and Bahia. The second, Neoenergia Luzia, is the company’s first solar park complex, located in Paraíba.

This result is also in addition to the increase in production of Neoenergia Chafariz, a wind power complex located in Paraíba. Neoenergia Oitis has an installed wind power capacity at the end of September of 176MW for 47 turbines. In total, there will be 103 turbines, with a unit capacity of 5.5MW.

In Luzia, investments reached R$454.2 million during the year. 124MWp are already in operation and the rest expected in the coming months. All of its energy is destined for the open market, and 100% will be sold by 2026. The project also has a synergy with another asset of the company in the region, Neoenergia Chafariz.

Register free of charge for uninterrupted access.

Publicite

Latest news

Libya: Economic recovery dependent on oil, but weakened by lack of reforms
Eni and YPF sign a memorandum of understanding for the evaluation of the liquefied natural gas project in Argentina
bp successfully loads first LNG cargo from Greater Tortue Ahmeyim project
Catalyze secures $85 million in tax equity investment from RBC to advance solar projects in the United States
EIB and Iberdrola sign loans to enhance energy storage infrastructure in Spain

Recently published in

Technip Energies wins contract for sustainable aviation fuel project engineering in Australia

Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
France Chimie warns of potential closure of 47 plants due to trade war
France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
en_1140290951540-9
France Chimie warns of potential closure of 47 plants due to trade war
France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
en_1140290951540-9
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7

SBM Offshore secures USD1.1bn from 13 banks to refinance debt

Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540
Data centre electricity demand driven by AI expected to double by 2030
According to the International Energy Agency, artificial intelligence will drive a global rise in data centre electricity consumption, reaching the current level of Japan’s national use by the end of the decade.
en_1140290985540
Data centre electricity demand driven by AI expected to double by 2030
According to the International Energy Agency, artificial intelligence will drive a global rise in data centre electricity consumption, reaching the current level of Japan’s national use by the end of the decade.
en_1140290985540
Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion
Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
en_1140290966540-2
Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion
Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
en_1140290966540-2

Fusion Fuel targets UK with £50mn acquisition in fuel distribution

Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5
Viridien secures 2,400 km² seismic reprocessing contract in Algeria with Sonatrach and PTTEP
Viridien will reprocess two 3D seismic datasets in the Berkine Basin for the Hassi Bir Rekaiz consortium over a 13-month period.
en_1140290970540
Viridien secures 2,400 km² seismic reprocessing contract in Algeria with Sonatrach and PTTEP
Viridien will reprocess two 3D seismic datasets in the Berkine Basin for the Hassi Bir Rekaiz consortium over a 13-month period.
en_1140290970540
Copper producers bet on growth as investment strategies diverge
Mining companies are turning to copper production to drive growth from 2025, marking a strategic shift in capital allocation, according to Wood Mackenzie.
en_1140290946540-5
Copper producers bet on growth as investment strategies diverge
Mining companies are turning to copper production to drive growth from 2025, marking a strategic shift in capital allocation, according to Wood Mackenzie.
en_1140290946540-5

Autoliv secures energy supply with two European renewable contracts

Swedish manufacturer Autoliv signs two 12-year renewable power purchase agreements with Alight and Eurowind Energy to ensure stable supply and anticipate volatility in European energy markets.
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4
ExxonMobil appoints Matt Crocker as head of its Product Solutions division
ExxonMobil has announced the upcoming retirement of Karen McKee and the appointment of Matt Crocker as president of the Product Solutions division, marking a key change in the group’s governance effective 1 May 2025.
en_1140291004540
ExxonMobil appoints Matt Crocker as head of its Product Solutions division
ExxonMobil has announced the upcoming retirement of Karen McKee and the appointment of Matt Crocker as president of the Product Solutions division, marking a key change in the group’s governance effective 1 May 2025.
en_1140291004540

The French PPA market reaches 2 GW led by photovoltaic dominance

France now counts over 100 long-term electricity purchase agreements, totalling 2 GW, mainly driven by the rise of photovoltaics and the expansion of hybrid and multi-buyer models.
Repsol sells 49% stake in Spanish wind and solar portfolio to Schroders Greencoat
UK-based manager Schroders Greencoat acquires a minority stake in ten Repsol renewable assets in Spain, valued at €580mn, reinforcing its investment strategy in the European energy transition.
en_1140291013540
Repsol sells 49% stake in Spanish wind and solar portfolio to Schroders Greencoat
UK-based manager Schroders Greencoat acquires a minority stake in ten Repsol renewable assets in Spain, valued at €580mn, reinforcing its investment strategy in the European energy transition.
en_1140291013540
Plenitude finalises EIP’s 10% stake acquisition through €800mn capital injection
Swiss fund Energy Infrastructure Partners increases its stake in Plenitude to 10% after a total €800mn investment, confirming a post-transaction equity valuation of €8bn.
en_1140291003540
Plenitude finalises EIP’s 10% stake acquisition through €800mn capital injection
Swiss fund Energy Infrastructure Partners increases its stake in Plenitude to 10% after a total €800mn investment, confirming a post-transaction equity valuation of €8bn.
en_1140291003540
TotalEnergies strengthens its global portfolio with three renewable acquisitions
TotalEnergies has completed strategic acquisitions in the wind, solar and hydropower sectors across Europe, Africa and Canada, thereby reinforcing its integrated power business in several key markets.
en_1140290957540-1
TotalEnergies strengthens its global portfolio with three renewable acquisitions
TotalEnergies has completed strategic acquisitions in the wind, solar and hydropower sectors across Europe, Africa and Canada, thereby reinforcing its integrated power business in several key markets.
en_1140290957540-1

TerraForm Power settles $34.5mn lawsuit with former executive after nine-year litigation

TerraForm Power reached a $34.5mn court settlement with its former chairman Carlos Domenech, nine years after his dismissal, ending a case tied to SunEdison's financial management.
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540
United States revokes Maurel & Prom’s oil licence in Venezuela
Maurel & Prom confirmed that US authorities cancelled its operating licence in Venezuela, while allowing it to finalise operations until 27 May.
en_1140290943540-25
United States revokes Maurel & Prom’s oil licence in Venezuela
Maurel & Prom confirmed that US authorities cancelled its operating licence in Venezuela, while allowing it to finalise operations until 27 May.
en_1140290943540-25
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS