Installed Capacity
24 MW
Run-of-River PCH
Energende Equity
55.63%
Majority Stake
PPA Price
R$366/MWh
IPCA-Adjusted at COD
COD
May 2028
Commercial Operation
MOIC
3.07x
Multiple on Invested Capital
Project Specifications
Technical Details
Investment Highlights
Why This Project
ANEEL Auction PPA
Power purchase agreement from Leilão Nº 4/2022-ANEEL (A-5 auction), providing sovereign-backed contracted revenue at IPCA-indexed pricing escalating approximately 4.5% per annum.
3.07x MOIC
Multiple on invested capital of 3.07x over the 24-year project life, with total net income of US$73.1 million and free cash flow to equity of US$69.1 million.
Majority Equity Position
Energende holds a 55.63% controlling equity stake through a four-counterparty MoU structure signed May 21, 2026, providing governance control and majority economics.
Nearest-Term COD
Commercial operation date of May 2028 with construction underway, positioning this as Energende’s earliest-to-revenue project in the active portfolio.