Energy Oil & Gas Magazine EOG 214 | Page 115

Eneva
R2W model transforms onshore natural gas from the site ’ s basin into electricity at attractive costs , using transmission infrastructure to flow production ,” Lino explains . “ Once transformed , the electricity is sent to the National Interconnected System , Brazil ’ s national electricity board .
“ Our cost of energy is also the most competitive , as we have almost full control over our supply chain and associated costs ,” he continues . “ Our strategic onshore location means it costs significantly less for us to explore and produce gas , as opposed to completing the same activities offshore . In addition , all our gas reserves are operated by us , meaning that we do not depend on purchasing gas from an external party to generate our power .”
Energy security
In 2022 , Eneva completed three acquisitions : Focus Energy , Termofortaleza , and Celse , with a total enterprise value of R $ 12 billion , equivalent to around $ 2.5 billion . “ The acquisition of these three companies came with a very big pipeline of new projects for us ( 3.5 GW ), and specifically , Celse enables us to expand our presence and infrastructure in the Northeast of Brazil ,” explains Marcelo .
One such project is Futura One , which promises to be one of the largest solar farm in the Americas , and potentially the largest in the World in the future . “ The construction is now complete , and we are awaiting the license to start operating , probably by the end of April 2023 ,” Marcelo details . “ The plant has 837
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