Paris La Défense, 15 July 2021
Brazil: Albioma Codora Energia wins a contract to secure the sale of energy from its 100% bagasse power plant
On 8 July, Albioma's Brazilian subsidiary Albioma Codora Energia won a call for tenders for a new 20-year power purchase agreement (PPA), to run from 2025, covering a volume of 64 GW h at a guaranteed inflation-indexed price of BRL 202.35/MW h.
It will be possible to honour this contract by increasing the volume of cane crushed by the adjoining sugar refinery and by recovering vinasse (an ethanol distillation residue) for energy. The majority of Albioma Codora Energia's production is already sold on the regulated market via long-term inflation-indexed contracts.
The 68 MW Codora Energia cogeneration plant in the state of Goiás, in which Albioma acquired a 65% stake in 2015, adjoins a sugar refinery and distillery owned by the Jalles Machado group. A 40% increase in energy exports has been achieved since the partnership began in 2015, driven by Albioma's work to improve the industrial performance of its facilities, and by Jalles Machado's construction of a sugar refinery in addition to the existing distillery.
Next on the agenda: Results for the first half 2021, on 28 July 2021 (after trading).
Albioma is an independent renewable energy producer, supporting the energy transition with renewable energies (biomass, solar and geothermal).
Albioma is listed on the Euronext Paris exchange (compartment A) - Eligible for SRD, PEA & PEA-PME and is included in the SBF 120 and CAC Mid 60.