ENGIE Brasil Energia begins commercial operations at the Serra do Assuruá wind farm complex, a key project in the expansion of renewable energies in Brazil.
Located in the municipality of Gentio do Ouro, in the state of Bahia, the complex will eventually comprise 24 wind farms, totalling 188 wind turbines with an installed capacity of 846 MW.
The first 15 generating units were commissioned on August 6, representing 8% of the total capacity, after receiving authorization from the National Electricity Agency (Aneel).
The total investment amounts to R$ 6.0 billion, contributing to the creation of around 3,000 direct and indirect jobs.
According to Eduardo Takamori, Chief Financial and Investor Relations Officer, this project demonstrates ENGIE’s ability to execute complex initiatives while maintaining strict financial discipline.
ENGIE Brasil Energia recorded a solid financial performance in the first half of 2024, with a total investment of R$5.6 billion in renewable energy generation, of which R$2.1 billion was invested in the second quarter.
The company also reported a 7.4% increase in net sales to R$2.8 billion, and an 8.6% rise in adjusted Ebitda to R$2.0 billion.
Adjusted net income rose by 6.1% to R$ 855 million. At the same time as Serra do Assuruá, ENGIE completed the commissioning of the Santo Agostinho wind power complex in Rio Grande do Norte, reaching a total installed capacity of 434 MW, with 70 wind turbines now operational.
The Gavião Real transmission project in Pará is also fully operational, strengthening the country’s electricity infrastructure.
The average energy selling price increased slightly in the second quarter of 2024, reaching R$220.57/MWh, thanks in part to the acquisition of new photovoltaic complexes.
ENGIE also reported 56.3% growth in the number of customers served on the free market, reflecting the gradual opening of the market to small and medium-sized consumers.
Finally, the Board of Directors of ENGIE Brasil Energia approved the distribution of R$ 932.8 million in interim dividends, underlining the company’s commitment to its shareholders, while continuing to invest heavily in the expansion of its renewable energy and transmission portfolio.
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