Investor Presentaiton
Net revenue:
R$4.0B
VOTORANTIM
energia
Adjusted EBITDA:
R$8.0M
Review of the materiality
matrix with the participation of
more than 600 stakeholders.
Visit the
Votorantim Energia website
In 2021, Votorantim Energia
took important steps in its
growth strategy and remained
positioned as one of the largest
electricity companies in Brazil,
operating in three segments:
generation, commercialization,
and energy management
services. In generation, the joint
venture with CPP Investments
controlled 21 wind farms and
CESP, which operates two
hydroelectric plants, totaling
2.2 GW of installed capacity.
Additionally, 10 wind farms
under construction in Northeast
Brazil, with an investment of
approximately R$2 billion, will
add 409.0 MW of installed
capacity. In commercialization,
the
company remained among
the three main Brazilian energy
traders according to data from
the Chamber of Electric Energy
Commercialization (CCEE, for
its initials in Portuguese), with
more than 450 end consumer
units, a 10% increase compared
with 2020. In energy services,
Votorantim Energia operated
hydroelectric plants and wind
farms of Votorantim portfolio
companies in the South,
Midwest, and Northeast regions
of Brazil, totaling 763.2 MW in
installed capacity.
In generation, the diversification
of the joint venture's renewable
energy sources, which includes
hydroelectric plants and wind
farms, mitigated the effects
of the biggest water crisis
of the last 91 years in Brazil
and resulted in net revenue
of R$2.6 billion and adjusted
EBITDA of R$1.0 billion
(including CESP and the
Ventos do Piauí I and Ventos
do Araripe III wind farms). In
commercialization and energy
services, the results of the joint
venture (calculated by equity
method) included consolidated
net revenue of R$4 billion, an
12% growth over the previous
year, and adjusted EBITDA of
R$8 billion, representing a 81%
reduction compared with 2020.
One of the highlights of the
year was the approval by the
Brazilian Electricity Regulatory
Agency (ANEEL, for its initials in
Portuguese) of the first hybrid
wind-solar complex project in
Brazil to be developed by the
joint venture within the Ventos
do Piauí I wind farm. The project
is scheduled to start operating
in 2023, with initial capacity to
generate 68.7 MW. The energy
produced by the solar project
will complement the production
of the wind project-wind
generation is higher at night
due to wind patterns in the
region. Hybrid production is
part of the strategy to increase
renewable energy generation,
thereby contributing to the
energy transition required to
ensure a greener economy.
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