São Paulo, March 28, 2022 – Auren, a new Brazilian energy platform formed through the consolidation of renewable energy assets from Votorantim S.A. (“Votorantim”) and Canada Pension Plan Investment Board (CPP Investments), began trading on the Novo Mercado segment of Brazil’s B3 exchange on Monday under the ticker AURE3.
Auren begins this new phase with a diversified and 100% renewable energy portfolio, as well as a robust pipeline of projects that include hydro, solar, and hybrid energy generation solutions. It will also be one of the largest energy commercialization platforms in the country, serving more than 500 customers.
Auren’s listing follows the successful incorporation on Monday of Brazilian power generator CESP’s shares with VTRM, the company created in October 2021 as a holding platform for Votorantim SA and CPP Investments’ Brazilian energy assets.
The listing ceremony was held at B3’s headquarters in São Paulo and attended by Gilson Finkelsztain, Chief Executive Officer of B3; João Schmidt, Chief Executive Officer of Votorantim; Ricardo Szlejf, Head of Latin America Infrastructure at CPP Investments; and Fabio Zanfelice, Chief Executive Officer of Auren.
“The new company is prepared to address the challenges of the energy transition and the transformation of the energy sector. It’s a new integrated platform which has renewable generating assets supported by a growth strategy based on generation, diversification and flexibility. That, combined with becoming one of the largest energy traders in the country, gives us the capacity and expertise to meet our customers’ needs,” said Zanfelice during the ceremony.
“Auren is born with the Votorantim DNA in renewable energy and with Votorantim and CPP Investments’ commitment to value creation. This is a milestone for Votorantim and represents our confidence in the fundamentals of Brazil’s energy sector, in the potential of our partnership with CPP Investments and the capital markets, and in the capacity of the Auren team to deliver consistent results,” added João Schmidt.
Ricardo Szlejf, Head of Latin America Infrastructure at CPP Investments, said: “As long-term investors in Brazil, we are proud to stand behind Auren Energia, a platform that will help support the country’s renewable energy development while also contributing to its economic growth. We see significant long-term upside in Brazil’s renewable energy market and this investment aligns well with our strategy of pursuing attractive risk-adjusted returns for our contributors and beneficiaries.”
“Participating in the growth of our customers is part of our mission here at B3. But we can also participate in the history of sustainable energy and together a Votorantim leadership, with this immense rumor about energy sources, is also a way of building and together a vision of the future that is sustainable”, commented Gilson Finkelsztain.
About B3
B3 SA (B3SA3) is one of the world’s leading financial market infrastructure companies and one of the largest exchanges by market value. It connects, develops, and enables the financial and capital markets and, together with its clients and society, leverages growth in Brazil. The company provides services in the exchange and OTC environments, as well as products and services for the funding chain.
Based in São Paulo and with offices in London and Shanghai, it plays key market roles by promoting best practices in corporate governance, risk management, and sustainability.
B3. With the market, for the future.
Learn more at www.b3.com.br
About Auren Energia
Auren Energia is one of Brazil’s largest platforms for renewable energy and energy trading. With a clean and diversified matrix formed by assets located in different regions, its installed capacity is among the largest in the country (3.3GW).
Based in São Paulo, its trading division has a robust customer base, handling more than 2.5 GWavg in 2021, and offering a broad portfolio of products and solutions focused on customers’ needs, guided by continuous investment in market intelligence and digitization.
Learn more about our assets, projects, and solutions at www.aurenenergia.com.br
X-Ray – Installed capacity and new growth projects
Installed capacity: 3.3 GW
Hydro assets: 2.3 GW in operation and 160MW (SHPP) under development
Wind assets: 0.6 GW in operation and 0.4 GW in advanced construction stage
Hybrid assets (wind and solar): 68 MW under development
Solar assets: 1.7 GW under development
Auren Energia – Press Relations
FleishmanHillard Brasil
Lia Mara Sacon | liamara.sacon@fleishman.com.br
Andrea Giardino | andrea.giardino@fleishman.com.br
Simei Morais | simei.morais@fleishman.com.br