CGN Brasil to invest $578mn in multi-energy hub in Piauí

CGN Brasil and the government of Piauí have signed an agreement to develop a 1.4 GW energy complex combining solar, wind and storage, with a planned investment of $578mn.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

China General Nuclear Power Group Brasil (CGN Brasil) and the government of the state of Piauí have signed a memorandum of understanding to create a multi-energy hub integrating several renewable electricity sources. The project involves an investment exceeding $578mn and is expected to reach an installed capacity of 1.4 gigawatts (GW), according to the statement issued by local authorities on May 12.

A strategic hub for CGN in northeastern Brazil

The signing ceremony took place in Teresina, attended by the Chief Executive Officer of CGN Brasil, Yao Zhigang, the President of China General Nuclear Energy International (CGNEI), Zhang Chaoqun, and the Governor of Piauí, Rafael Fonteles. The project will include photovoltaic solar power, onshore wind, battery storage systems and, in the medium term, concentrated solar power (CSP) facilities.

Already operating in the state, CGN Brasil currently manages two power plants and plans to begin construction of a third facility in 2025. These units will operate in an integrated manner, aiming to form an interconnected energy ecosystem.

Job creation and local economic impact

The signed agreement could generate more than 5,000 direct and indirect jobs, according to estimates from the regional government. Piauí seeks to strengthen its role in the industrial development linked to renewable energy, relying on structured international partnerships.

The Chinese group, through its Brazilian subsidiary, claims to have enabled the avoidance of more than 1.4 million tonnes of carbon dioxide per year through its existing facilities in the state. The region also receives approximately $482,000 annually in socio-environmental investments from the company, based on disclosed data.

Development prospects for CGN in the region

The planned energy hub aligns with CGN’s expansion strategy in Brazil, a country where demand for electricity infrastructure remains strong. The project does not yet have a precise implementation schedule, but the company confirms it is in the operational planning phase with local authorities.

“This kind of initiative allows the state to position itself as a national showcase for energy innovation,” said Governor Rafael Fonteles, quoted in the official government statement released on May 12.

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGrid™ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.

Log in to read this article

You'll also have access to a selection of our best content.