Meet Renova Energia
Founded in 2001, Renova Energia is a Brazilian company of renewable energy generation operating at wind, small hydroelectric plants, and solar matrices. Since 2009 its activities have been heavily centered on wind power projects, segment in which it is a pioneer in Brazil and it has been the company’s main business.
One of its outstanding differentials is the qualification to operate in an integrated way, prospecting, developing, implementing, and operating its projects.
It was also the first company in the renewable energy sector to have its shares listed on the São Paulo Stock Exchange (B3 – Brasil Bolsa Balcão).
Corporate Governance
Renova Energia is listed in Level 2 of Corporate Governance of the B3 – Brasil Bolsa Balcão, aligned with the best practices of the Brazilian and international market, observing norms and standards that promote sustainable development, respect for the environment and the adoption of a business plan that it believes to be solid and profitable.
Its activities are subject to a set of federal, state, and municipal laws, decrees, regulations, and resolutions relating to environmental management and environmental protection.
Committees
Renova Energia has been improving its corporate governance model. Its management adopts a set of mechanisms created to promote greater interaction between the Board of Directors and the executive board, providing greater transparency and agility to strategic decision-making.
The mission is to preserve dynamism, agility, and flexibility – characteristics that make up its DNA – and to improve its processes to make it the most efficient and innovative company in the sector.
The Company has an excellent corporate environment to encourage the professional growth of its employees. The company brings together one of the best teams specialized in clean energy in Brazil, with national and international experiences.
Besides, it encourages the passion of its professionals for what they do, respect for the environment, commitment to sustainable practices and the generation of value for customers, shareholders, communities where it operates, partners and suppliers.
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2001
- Renova Energia is founded
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2004
- Acquisition of ESPRA Project (41,8MW)
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2008
- Espra starts commercial operation
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2010
- First Company in the Energy Segment to go for an IPO
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2011
- Light becomes part of the Controlling Group
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2012
- Alto Sertão I starts commercial operation
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2014
- Cemig becomes part of the Controlling Group
- Acquisition of 51% of Brasil PCH’ shares
- LER 2010 starts commercial operations
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2015
- Transaction SunEdison/ TerraForm
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2017
- Sale of the Complex Umburanas
- Sale of the TerraForm’ shares
- Sale of the Complex Alto Sertão II
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2019
- Light leaves the Controlling Group
- The Company enters into Judicial Recovery
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2020
- Approval of the Judicial Recovery Plan
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2021
- Loan DIP R$ 350 million
- Sale of the Project Alto Sertão III – Fase B
- Sale of the Brasil PCH’ shares
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2022
- Acquisition of share control by Angra Partners
- Sale of ESPRA project
- Alto Sertão III starts commercial operation