EDP, S.A., through its fully owned subsidiary EDP – Energias do Brasil S.A. (EDP Brasil), has completed the sale agreement with Engie Brasil Energia S.A. for the total disposal of its stake (50%) in UHE Cachoeira Caldeirão and UHE Santo Antônio do Jari.
The transaction was concluded in line with the terms and conditions previously disclosed, having received, on this date, the total amount of R$1.1 billion (€0.19 billion, considering an exchange rate of 6.1 EUR/BRL), corresponding to an implicit Enterprise Value for 100% of R$ 2.9 billion (€0.5 billion).
This transaction reduces the weight of conventional generation and hydro exposure in Brazil, leading to a higher weight of regulated activities in this market, in line with EDP’s strategic plan.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Summer 2025 issue
Dive into the latest renewable energy insights in the Summer issue of Energy Global, out now! This edition features a guest comment from Change Rebellion on the role real change management can play in the global energy sector before a regional report, which looks at energy trends and transformations across the Americas. Other key topics are also explored, including offshore support vessels, floating wind, weather analysis, and battery storage. Contributors include Ørsted, CRC Evans, Miros, Solcast, and more, so don’t miss out!