ENGIE secures new bid in Brazil

By winning this lot, the most important of the auctions, ENGIE strengthens its presence in the South American electricity sector, where the Group already operates 6,000 km of power lines, including 2,700 km in Brazil alone, not to mention the additional 1,000 km currently under construction.

Electric networks, a prerequisite for renewable energy development

Expanding the electrical grid is essential for Brazil to unlock its vast potential in renewable energy, which must be connected to consumption hubs. The 30-year concession won by ENGIE will serve 60 municipalities across five of Brazil’s most industrialized states—Santa Catarina, Paraná, Minas Gerais, São Paulo, and Espírito Santo; it also includes two substations and offers synergies with the Group's other assets in this region.

The expansion of electricity transmission infrastructure is one of the key factors in ensuring a successful energy transition. ENGIE is fully committed to this effort. With this new victory, ENGIE will have built, in less than 10 years, 8,000 km of electricity network, with around forty substations.  It also underscores the expertise of ENGIE teams in developing and operating large-scale electric infrastructure.

A great success story

The auction offers an annual income of 252 million reais ($46 million). The infrastructure, remunerated through long-term regulated contracts ensures stable revenue streams for the Group. Furthermore, Brazil is considered a low-risk financial environment.

“We entered the auction confident in our ability to develop a competitive project with high quality, health and safety standards and socio-environmentally responsible as well. ” congratulated Edouardo Sattamini, ENGIE Brasil CEO. A huge bravo to the Brazilian teams,  for delivering the Group a second high pressure victory in two years.