Mubadala Investment Company is a sovereign investor managing a wide variety of portfolios of investments and assets. The company primarily focuses on innovative solutions for financial sustainability for clients. The company is valued at $243 billion, has a footprint on six continents in multiple sectors. Lately, the company got preferential rights in the Renova Energia SA. As per a report the offer was for 1.1 billion reais ($211 million) for a 51% stake in the Brasil PCH SA unit of Renova that owns 13 small hydroelectric plants.
The Brazilian company Renova Energia SA recently got an investment from Prisma Capital Ltda involving a sales transaction of the 408-MW Phase B of its Alto Sertao III wind power project.
To serve the nation’s demand for power supply, the Brazilian government has come up with the first power capacity auction by the end of this year. The market intends to overcome the difficulties that arise from the integrated power sources like wind and solar. The Brazilian consumers will endure the payments through a new fee added to residential and business power bills in the new market similar to the other projects like reserve power tenders to renew wind power and small hydropower plants.
Brazil is accelerating in Hydropower plants with 62.17% of total installed capacity by 2020. The total installed electric generating capacity was 174,413 MW, of which 58.6% was hydropower, 9.64% wind, 25.2% thermal, 1.87% PV, 3.1% small hydro, 0.47% mini-hydro, and 1.13% nuclear.
The Brazilian government plans to have four new energy power generation tenders exclusively for Greenfield projects in the A-3 and A-4 held in June and the A-5 and A-6 in September.
The country is known for its enormous renewable energy sources that accounted for 70% in 2018. The demand for hydroelectric plants is on the southeast coast. With the expansion of innovative and green energy, the country can boost its economy by encouraging private investments in renewable energy projects.
The country aims to regain its economic footing with a combination of new laws and reforms, along with high-yield investments that could create roughly one million jobs. As per a report by Irena, the International Renewable Energy Agency, Brazil has plenty of employment opportunities in hydroelectric, biofuels, and wind and solar energy next to China in job creation. Additionally, it benefits the investors with power purchase agreements (PPAs) for renewable energy ranging from 10- or 15-year tenure.