ENGIE Brasil Energia acquires the Serra do Assuruá wind project, state of Bahia

On May 5, 2022, the Board of Directors of ENGIE Brasil Energia approved the acquisition of the development rights of Serra do Assuruá, contingent on fulfilling certain conditions precedent. The project is to be implemented in the same state where the Company operates the Umburanas, Campo Largo 1 and Campo Largo 2 wind complexes.

With a maximum value of R$ 265 million, the acquisition includes 24 grants for developing and operating wind projects totaling 882 MW, together with other assets such as a leasing agreement and wind and wind measurement tower data pertaining to the current project owners, PEC Energia S.A. The project is notable for the availability of a guaranteed hookup to the grid, the National Interconnected System, eligibility to transmission tariff reduction benefits and a preliminary environmental license issued by INEMA, the state of Bahia environmental protection agency.

"We continue alert to the opportunities of acquisitions for furthering and accelerating our long-term growth in renewable generation. Now including Assuruá, our portfolio of projects at an advanced stage of development has now reached the 3 GW mark", commented the Company's Chief Executive and Investor Relations Officer, Eduardo Sattamini.

About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.

ENGIE is the largest private-sector power producer in Brazil, operating in generation, commercialization and transmission of electric power, gas transport and energy solutions. With an installed capacity of 10 GW from 69 power plants, which stands for about 6% of the country's capacity, the Company has nearly 97% of its installed capacity in the country from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.

With the acquisition of TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.

The Group also has a complete portfolio of integrated solutions focused on reducing costs and emissions and improving the infrastructure for companies, such as compressed air, local solar self-production, biogas and biomass, power management and consulting, HVAC and substations. ENGIE also acts as a partner for cities to make the urban spaces more efficient and sustainable, with public lighting, electric mobility and district cooling solutions. With 3,500 employees, ENGIE's turnover in Brazil in 2021 was R$ 13.5 billion.

The Group´s turnover in 2021 was of 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/Europe 120/France 20, MSCI EMU ESG screened, MSCI Europe ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).