Engie Brasil Energia S A : signs an agreement with Invest Paraná for the development of Green Hydrogen projects
April 06, 2023 at 03:24 pm
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On Thursday, April 6, ENGIE Brasil Energia (EGIE3) signed a Memorandum of Understanding with Invest Paraná for developing large scale green hydrogen projects in the state of Paraná, seen as an important element in the energy transition. Obtained through a process of electrolysis using renewable power sources, green hydrogen, or its derivatives has the capacity to replace the use of fossil fuels in carbon intensive industries as well as being exportable, thus opening up opportunities on this front for Brazil.
"ENGIE's global strategy is to create a strong green hydrogen position, and Brazil is key to this end, given the relevance of the Group's local operations, a predominantly renewable energy matrix, and the abundance of natural resources thus permitting the electric energy sector's growth,'' Eduardo Sattamini, ENGIE Brasil Energia's Chief Executive and Investor Relations Officer pointed out. "We believe that these partnerships are crucial for incentivizing and accelerating the energy transition and we look to play a leading role in de-carbonization solutions for a range of different industries and their respective supply chains," said Sattamini.
The Company's view is in line with the state of Paraná's strategy for renewable energies, lending additional support to the agreement. ENGIE Brasil Energia also has signed agreements in the state of Ceará for the development of hydrogen plant studies and projects up to 150 MW at a preliminary stage and with a potential to expand by the end of the decade focused on the export of the green hydrogen molecule or its derivatives. Globally, the intention of the ENGIE Group is to ramp up production of green hydrogen to 4 GW by 2030.
About ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose ("raison d'être"), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers.
In Brazil, ENGIE, leader in renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. With 2,400 employees, ENGIE has an installed capacity of approximately 10 GW, of which 100%* is from renewable sources.
*Considering the selling of the Thermal Power Plant Pampa Sul, signed on September 15, which closing is subject to fulfillment of certain conditions precedent in the agreement.
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ENGIE Brasil Energia SA published this content on 06 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2023 19:23:03 UTC.
ENGIE Brasil Energia S.A., formerly Tractebel Energia S.A., is an independent utility concessionaire. The Company is engaged in the business of generation and commercialization of electrical energy. The Company develops and operates power plants. The Company installs and operates plants fired from conventional energy sources, such as hydroelectric, thermoelectric and complementary units, small hydroelectric plants and wind, biomass and photovoltaic plants. The Company's installed capacity, including its stakes in energy generation consortiums, is approximately 7,000 megawatts. The Company's generation facilities in operation consist of 29 plants, of which nine hydroelectric power plants, seven thermoelectric power plants (three coal, three biomass and one natural gas plant), three small hydro power plants (SHPP), nine wind farms and one photovoltaic solar power plant. The Company is controlled by ENGIE Brasil Participacoes Ltda.
ENGIE BRASIL ENERGIA S.A. 
