Investor Presentaiton
In line with its strategy of
diversifying energy sources,
the joint venture concluded
the acquisition of the Jaíba V
solar project. With commercial
operations scheduled to start
in 2023, this is one of the
largest photovoltaic projects
for the generation of clean
energy in the country, with an
installed capacity of 635 MWP.
Located in the town of Jaíba,
in the state of Minas Gerais,
the project will produce enough
clean energy to supply more
than 500,000 homes and will
help Brazil reach the goal of
having 23% of its energy from
non-hydro renewable sources
by 2030. The electricity sector
is evolving at an accelerated
pace and Votorantim Energia
is following that trend; in
November the company signed
an investment agreement with
Way2, a technology company
specializing in telemetering and
energy management.
Votorantim Energia took
an important step in its
growth strategy by signing
an agreement with CPP
Investments to consolidate
its energy assets to create
one of the largest renewable
energy platforms in Brazil.
This transaction created the
Auren Energia, a company
with an installed capacity of
3.3 GW, 71% hydro and 29%
wind power. In addition to the
assets in operation, the new
company comes with a pipeline
of 2.0 GW of renewable energy
projects at different stages of
development, which will enable
significant organic growth and
contribute to the diversification
of energy generation sources.
The company will also be
positioned as a leader in the
electricity sale segment and
have a strong financial position,
with estimated net revenue of
R$5.8 billion.
Votorantim Energia's ESG agenda
in organized around 10 priority
topics: (i) carbon management;
(ii) ecosystem services; (iii)
social legacy; (iv) relationship
with communities; (v) employee
health and safety; (vi) diversity
and inclusion; (vii) supply chain
management; (viii) management
of subsidiaries, affiliates, and
consortiums; (ix) integrated
risk management; and (x)
management of decision-making
processes and flows. These topics
guide the definition of targets
to ensure high ESG standards
in units and businesses. Since
2020, the company has had ESG
targets linked to the variable
compensation of its senior
management.
During the year, Votorantim
Energia revised its materiality
matrix. The process involved
more than 600 stakeholders,
including employees, customers,
suppliers, and others. In
addition, the company prepared
its first Communication on
Progress (COP) report for the
United Nations (UN) Global
Compact, in which it shared
management practices related
to the Sustainable Development
Goals (SDGs).
In 2021, Votorantim Energia
became a member of the
CDP (Carbon Disclosure
Project) Benchmark Club
and responded to its climate
change questionnaire for the
first time. In the social arena,
the company implemented
the local supplier development
program in communities where
it operates and increased the
number of women and Black
employees hired by 19% and
140%, respectively, compared
with 2019.
Continuing their successful
partnership, Votorantim and
CPP Investments will create an
investment company focused
on energy transition to invest
in early-stage energy projects,
including new solutions
and technologies aimed at
the decarbonization of the
energy matrix.
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