Raizen's Solar Sale: 115 MWp to Elis Energia

• Raizen SA sells 115.4 MWp of solar projects to Elis Energia for BRL 700 million, boosting portfolio strategy and value creation in Brazil.

Brazil's Raizen SA has agreed to sell 115.4 MWp of distributed generation (DG) solar plant projects to Elis Energia for up to BRL 700 million. The deal involves 31 DG solar park projects and is set to be completed by December 2025. The money will be paid as the projects are developed and built by Raizen Energia before being transferred to the buyer.

The transaction supports Raizen's portfolio recycling strategy, value creation, and debt reduction. It is subject to approval by the Brazilian antitrust regulator CADE. Elis Energia will acquire the small solar system in Brazil as part of the agreement with Raizen.

How will Raizen SA's sale of solar projects impact Brazil's solar industry?

• The sale of 115.4 MWp of distributed generation (DG) solar plant projects by Raizen SA to Elis Energia will bring in up to BRL 700 million, which will be invested in the development and construction of the projects.
• This transaction will support Raizen's portfolio recycling strategy, value creation, and debt reduction, allowing the company to focus on other areas of its business.
• The sale of these solar projects will contribute to the growth of Brazil's solar industry, as Elis Energia will take over the development and operation of the DG solar park projects.
• Elis Energia's acquisition of these solar projects will increase its presence in the Brazilian solar market, potentially leading to further investments and developments in the sector.
• The completion of this deal is subject to approval by the Brazilian antitrust regulator CADE, ensuring compliance with competition laws and regulations in the country.