AES BRASIL ENERGIA S.A.
Publicly Held Company
Corporate Taxpayer ID (CNPJ/MF) 37.663.076/0001-07
Company Registry (NIRE) 35.300.552.644
MATERIAL FACT
AES Brasil Energia S.A. ("AES Brasil" or "Company") (B3: AESB3), in compliance with the terms of article 157, paragraph 4 of Law 6,404, and Instruction no. 358 as of January 3rd, 2002, and other applicable dispositions, informs to the shareholders and to the market that:
Following its strategy of growth and diversification of its portfolio through the development of projects from sources complementary to hydro and with long-term contracts, the Company announced on August 04, 2021 an Investment Agreement with BRF S.A ("BRF") for the constitution of a joint venture with shared control for the purpose of wind power generation and power purchase and sale agreement ("PPA"). The Company estimates that the construction will begin in 2021and that the CAPEX spent will be R$ 5.2 million/MW installed.
Thus, AES Brasil has updated its projections regarding the preview of investments for the period between 2021 to
2025. For this period, the Company plans on investing a total of approximately R$ 3.5 billion, as detailed below:
Investments - R$ million¹ | 2021E | 2022E | 2023E | 2024E | 2025E | Total |
Modernization and Maintenance | 124.0 | 92.3 | 82.3 | 88.2 | 108.2 | 495.0 |
Expansion | 876.1 | 1,862.6 | 248.8 | - | - | 2,987.5 |
Tucano Wind Complex² | 453.5 | 464.6 | - | - | - | 918.1 |
Cajuína Wind Complex³ | 422.6 | 1,398.0 | 248.8 | - | - | 2,069.5 |
Total Investments | 1,000.1 | 1,955.0 | 331.1 | 88.2 | 108.2 | 3,482.6 |
Capitalization Interest4 | 1.1 | 2.8 | 3.0 | 6.7 | 4.3 | 17.9 |
Total Investments + Interest | 1,001.2 | 1,957.7 | 334.1 | 94.9 | 112.5 | 3,500.5 |
¹ Actual amounts on December 31, 2020
² Considers the 50% interest of AES Tietê Energia in Phase 1 (77.5 MW installed) and 100% in Phase 2 (167.4 MW installed)
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Considers installed capacity of 46 MW, 165 MW, 160 MW and 11 MW from the PPAs signed in 2021. In addition, it also considers the shared structure of the park, amounting R$ 150.8 million
4 Does not consider capitalization interest on new projects
These projections will be included in section 11 of the Company's Reference Form and will be available on CVM's website on http://www.cvm.gov.br/and the Company's website on https://ri.aesbrasil.com.br/,in the legal deadline.
São Paulo, August 17th, 2021
AES BRASIL ENERGIA S.A.
Alessandro Gregori
Chief Financial and Investor Relations Officer
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AES Tietê Energia SA published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2021 11:23:13 UTC.