Eletrobras (NYSE: EBR) exits thermal power, hits 100% renewables generation
Rhea-AI Filing Summary
Eletrobras has completed the divestment of its last thermal asset, the Santa Cruz Thermal Power Plant, selling it to J&F S.A., successor to Âmbar Energia. With this closing, the company has fully exited thermal generation.
Eletrobras received R$ 703.5 million from the Santa Cruz sale, bringing total proceeds from the disposal of Eletronorte and Eletrobras thermal assets to R$ 3.6 billion, plus cash generated by the plants before closing and a potential earn-out with a base value of R$ 1.2 billion. In total, 2,059 MW of thermal capacity have been sold, and the company’s generation portfolio is now composed exclusively of 100% renewable energy sources, aligned with its Net Zero 2030 commitment and its strategy to optimize portfolio and capital allocation.
Positive
- None.
Negative
- None.
Insights
Eletrobras finishes thermal exit, adds cash and becomes fully renewable.
Eletrobras reports the closing of the sale of its last thermal plant, Santa Cruz, to J&F S.A.. This follows prior divestments by Eletronorte and represents disposal of 2,059 MW of thermal capacity, completing a shift away from fossil-based generation.
The company received R$ 703.5 million from Santa Cruz, contributing to total thermal-asset sale proceeds of R$ 3.6 billion, plus interim plant cash generation and a possible earn-out with a base value of R$ 1.2 billion. This adds financial resources while simplifying the asset base.
After these sales, the generation portfolio is described as 100% renewable and aligned with a Net Zero 2030 target. Actual future benefits or risks will depend on renewable resource conditions, regulation, and how the divestment proceeds are allocated in line with the strategic plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Eletrobras (EBR) announce in this Form 6-K?
Eletrobras announced that it has concluded the divestment of its last thermal asset, the Santa Cruz Thermal Power Plant, thereby completing the sale of its thermal generation portfolio.
How much did Eletrobras receive from the sale of the Santa Cruz Thermal Power Plant?
Eletrobras received R$ 703.5 million from the sale of the Santa Cruz Thermal Power Plant to J&F S.A.
What are the total proceeds from Eletrobras’ thermal asset sales?
The company states that proceeds from the sale of Eletronorte’s and Eletrobras’ thermal power plants total R$ 3.6 billion, plus cash generated by the plants before closing.
What is the capacity of the thermal assets Eletrobras has disposed of?
The table lists disposed thermal assets totaling 2,059 MW of capacity, including plants such as Mauá III, Rio Negro, Aparecida, and Santa Cruz.
What is Eletrobras’ generation mix after the sale of Santa Cruz?
After this transaction, Eletrobras states that its generation portfolio is composed exclusively of 100% renewable energy sources, in line with its Net Zero 2030 commitment.
How does this transaction fit into Eletrobras’ strategy?
The company reaffirms its commitment to optimize its portfolio and capital allocation, focusing on value creation and simplifying its corporate structure as described in its Strategic Plan.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of October, 2025
Commission File Number 1-34129
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
(Exact name of registrant as specified in its charter)
BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)
Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Closing of the Divestment of Santa Cruz Thermal Power Plant – Sale of Thermal Assets
Rio de Janeiro, October 9, 2025, Centrais Elétricas Brasileiras S/A – Eletrobras informs that, in addition to the material facts disclosed on June 10, 2024, and May 14, 2025, and following the fulfillment of the agreed precedent conditions, the company has concluded, on this date, the divestment of its last thermal asset, Santa Cruz Thermal Power Plant (UTE Santa Cruz), to J&F S.A., the successor of Âmbar Energia under the agreement.
Eletrobras received the amount of R$ 703.5 million, which, added to the proceeds from the sale of Eletronorte’s thermal power plants, totaled R$ 3.6 billion, in addition to the cash generated by the plants between the signing of the agreement and their respective closings. The company also retains the right to receive the earn-out agreed between the parties, with a total base value of R$ 1.2 billion.
This transaction marks the completion of the divestment process of Eletrobras’ thermal power assets, and as of this date, the company’s generation portfolio is composed exclusively of 100% renewable energy sources, in line with its Net Zero 2030 commitment.
| Assets with completed disposal | Company | Location |
Capacity (MW) |
PPAs deadline (Power Purchase Agreement) |
Closing date |
| TPP Mauá III | Eletronorte | AM | 591 | nov/30 | 05/14/25 |
| TPP Rio Negro (greenfield) | Eletronorte | AM | 188 | n.a. | 05/14/25 |
| TPP Aparecida | Eletronorte | AM | 166 | nov/30 | 05/14/25 |
| TPP Anamã | Eletronorte | AM | 2 | nov/30 | 05/14/25 |
| TPP Anori | Eletronorte | AM | 5 | nov/30 | 05/14/25 |
| TPP Codajás | Eletronorte | AM | 5 | nov/30 | 05/14/25 |
| TPP Caapiranga | Eletronorte | AM | 2 | nov/30 | 05/14/25 |
|
Right of Reversion “PIEs Complex” (TPP Cristiano Rocha; TPP Manauara; TPP Jaraqui; TPP Tambaqui; TPP Ponta Negra) |
Eletronorte | AM | 600 | nov/30 (Reversão em mai/25) |
05/14/25 |
| TPP Santa Cruz | Eletrobras | RJ | 500 | dez/26 | 10/09/25 |
| Total | 2,059 | ||||
Eletrobras reaffirms its commitment to shareholders and the market to optimize its portfolio and capital allocation, with a focus on value creation and the simplification of its corporate structure, as outlined in its Strategic Plan.
Eduardo Haiama
Vice President of Finance and Investor Relations
Este documento pode conter estimativas e projeções que não são declarações de fatos ocorridos no passado, mas refletem crenças e expectativas de nossa administração e podem constituir estimativas e projeções sobre eventos futuros de acordo com Seção 27A do Securities Act de 1933, conforme alterado, e Seção 21E do Securities and Exchange Act de 1934, conforme alterado. As palavras “acredita”, “poderá”, “pode”, “estima”, “continua”, “antecipa”, “pretende”, “espera” e similares têm por objetivo identificar estimativas que necessariamente envolvem riscos e incertezas, conhecidos ou não. Riscos e incertezas conhecidos incluem, mas não se limitam a: condições econômicas, regulatórias, políticas e comerciais gerais no Brasil e no exterior, variações nas taxas de juros, inflação e valor do Real, mudanças nos volumes e padrão de uso de energia elétrica pelo consumidor, condições competitivas, nosso nível de endividamento, a possibilidade de recebermos pagamentos relacionados a nossos recebíveis, mudanças nos níveis de chuvas e de água nos reservatórios usados para operar nossas hidrelétricas, nossos planos de financiamento e investimento de capital, regulamentações governamentais existentes e futuras, e outros riscos descritos em nosso relatório anual e outros documentos registrados perante CVM e SEC. Estimativas e projeções referem-se apenas à data em que foram expressas e não assumimos nenhuma obrigação de atualizar quaisquer dessas estimativas ou projeções em razão da ocorrência de nova informação ou eventos futuros. Os resultados futuros das operações e iniciativas das Companhias podem diferir das expectativas atuais e o investidor não deve se basear exclusivamente nas informações aqui contidas. Este material contém cálculos que podem não refletir resultados precisos devido a arredondamentos realizados.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 9, 2025
| CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
| By: |
/S/ Eduardo Haiama |
|
|
Eduardo Haiama Vice-President of Finance and Investor Relations |
||
FORWARD-LOOKING STATEMENTS
This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.