14 MW Run-of-River PCH
Santa Maria Madalena, Rio de Janeiro — 35-year ANEEL concession with eight executed CCEAR power purchase agreements.
Installed Capacity
14 MW
Run-of-River PCH
Contracted Energy
7.546 MWm
8 CCEAR Contracts
PPA Term
20 Years
Jan 2030 – Dec 2049
COD
Dec 2029
Commercial Operation
MOIC
3.45x
Multiple on Invested Capital
Project Specifications
Technical Details
Investment Highlights
Why This Project
Sovereign PPA Contracts
Eight executed CCEAR contracts signed December 2, 2025 with major Brazilian distribution utilities, providing contracted revenue certainty for the full 20-year PPA term.
3.45x MOIC
Multiple on invested capital of 3.45x over the 24-year project life, with total Energende cash distributions of US$36.5 million.
ACL Upside Optionality
Uncontracted balance of approximately 0.734 MWmédios represents additional revenue optionality in the free market (ACL) not included in base case projections.
35-Year ANEEL Concession
Long-term regulatory certainty and operational rights spanning the full economic life of the asset.