Auren Energia
Auren Energia is a Brazilian publicly traded renewable power generator operating 8.8 GW across wind, solar, and hydroelectric assets post-AES Brasil merger, serving corporate clients and free consumers via long-term PPAs, and controlled by Votorantim and CPP Investments.
- Company typePublic
- Founded2022
- HeadquartersSão Paulo, Brazil
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Auren Energia does
Auren Energia S.A. is a Brazilian publicly traded renewable power generator (ticker AURE3 on B3) headquartered in São Paulo, operating approximately 8.8 GW of installed capacity across wind, solar photovoltaic, hydroelectric, and hybrid generation assets following the 2024 acquisition of AES Brasil. The company ranks as Brazil's third-largest power generator and is controlled by Votorantim S.A. (38.7%) and CPP Investments (30.5%), with the remaining ~30% free float. Asset operations are concentrated in subsidiaries including CESP (12 HPPs and 3 SHPs totaling 2,658 MW) and a portfolio of wind farms (Ventos do Piauí I/II/III, Complexo Eólico Alto Sertão II, Tucano, Cajuína I/II) and solar complexes (Sol de Jaíba at 500 MW, Guaimbê, Ouroeste) across multiple Brazilian states.
The company monetizes its generation through two primary streams: long-term power purchase agreements (PPAs) with corporate clients and free consumers, and modulation services provided to the grid for stability. Named customers include Microsoft, Equinix, and large industrial free consumers operating in Brazil's deregulated energy market. Q1 2026 net revenue reached R$3,075 million (+4% YoY) with adjusted EBITDA of R$926 million (-23% YoY) reflecting curtailment and hydrology headwinds; modulation gains of R$97 million partially offset an R$86 million curtailment financial impact. Approximately 65% of debt is IPCA-indexed to match inflation-linked energy sale agreements, providing a natural hedge.
Auren's governance includes independent board members and a Statutory Audit Committee; the company is included in B3's Corporate Sustainability Index (ISE) and has received the Anefac Transparency Trophy. Backed by Votorantim's industrial conglomerate resources and CPP Investments' long-duration capital, the company is executing Phase 1 of a corporate reorganization to simplify its structure post-AES Brasil integration, while deleveraging from 5.7x to 4.8x Net Debt/Adjusted EBITDA.
Auren Energia firmographics
Firmographics- Name
- Auren Energia
- Legal name
- Auren Energia S.A.
- Website
- https://ri.aurenenergia.com.br
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Auren Energia is a Brazilian publicly traded renewable power generator operating 8.8 GW across wind, solar, and hydroelectric assets post-AES Brasil merger, serving corporate clients and free consumers via long-term PPAs, and controlled by Votorantim and CPP Investments.
- Ownership category
- akta.pro rank
Auren Energia industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industries
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE)
Keywords
Where Auren Energia is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Auren Energia business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Others
Revenue model
- Energy Generation and Commercialization: Generation and sale of electricity from renewable sources (wind, solar, hydro) to corporate clients through PPAs and spot market sales. Capacity of 8.8 GW post-merger with AES Brasil enables significant energy production and commercialization.
- Modulation and Grid Services: Revenue from providing modulation services to the grid for stability, achieving R$97 million in record modulation gains in Q1 2026
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Auren Energia product offering
Product offeringCore offering
Auren Energia generates and commercializes electricity from renewable sources (wind, solar photovoltaic, and hydroelectric) across Brazil. The company operates a diversified generation portfolio totaling approximately 8.8 GW post-AES Brasil merger and sells energy to corporate clients through long-term Power Purchase Agreements (PPAs), to free consumers in Brazil's free energy market, and provides modulation/grid services to the National Electric System Operator.
Product overview
Auren Energia is a diversified power generation company in Brazil operating through a portfolio of generation assets and energy commercialization services. The company generates electricity from wind, solar photovoltaic, hydroelectric, and hybrid sources across multiple states in Brazil. Its operational assets include wind farms (Ventos do Piauí I/II/III, Complexo Eólico Alto Sertão II, Complexo Eólico Tucano, Complexo Eólico Cajuína I/II, and others), solar complexes (Sol de Jaíba, Complexo Solar Guaimbê, Complexo Solar Ouroeste, Complexo Solar AGV VII), hydroelectric plants (Porto Primavera, along with 12 HPPs and 3 SHPs operated through subsidiary CESP), and hybrid facilities (Sol do Piauí). Following the acquisition of AES Brasil, Auren became Brazil's third largest power generator with approximately 8.8 GW of capacity. The company commercializes energy through long-term PPAs with corporate clients including data center operators, and operates an investor relations platform for shareholder communication.
Differentiator
Problem solved
Functional benefit
Products and services
- Wind Power Generation Portfolio
- Solar Photovoltaic Generation Portfolio
- Hydroelectric Power Generation Portfolio
- Hybrid Solar-Wind Generation (Sol do Piauí)
- Energy Commercialization and Trading
- Modulation and Grid Services
Quantifiable outcome
- Modulation gains of R$97 million fully covered R$86 million financial impact from curtailment in Q1 2026
- +2 more outcomes
Companies that use Auren Energia
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Auren Energia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Auren Energia partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- EquinixcoreEquinix formalized a wind power purchase agreement (PPA) with Auren Energia in Brazil. The agreement supports Equinix's renewable energy commitments for its data center operations. This represents a strategic partnership with a major data center operator seeking renewable energy supply.
- MicrosoftflagshipMicrosoft partnered with Auren Energia as one of six renewable energy developers in its global renewable sourcing strategy. Auren contributed to Microsoft's achievement of matching 100% of its electricity consumption with renewable energy purchases through PPAs. Microsoft has contracted 40 GW globally with 19 GW now online.
Scale indicators10 records
Recent moves6 records
Expansion highlights4 records
Auren Energia competitors and assessment
Company assessmentDirect peers
- Equatorial Energia: Brazilian energy holding with diversified generation and distribution assets. Comparable to Auren in serving large industrial consumers and operating renewable and conventional generation in Brazil.
- Serena Energia: Pure-play Brazilian renewable IPP focused on wind and solar generation. Directly comparable to Auren as a renewable-focused generator targeting the corporate PPA and free-market segments.
- Omega Energia: Brazilian renewable energy generator and commercializer focused on wind, solar, and hydro. Smaller scale than Auren but directly competes in the same corporate PPA and free-market segments.
- Neoenergia: Brazilian integrated energy company (Iberdrola subsidiary) with significant renewable generation. Competes directly with Auren in wind, solar, and hydro generation for the corporate renewable PPA market.
- Enel Brasil: Brazilian subsidiary of Enel, operating renewable and conventional generation plus distribution. Directly competes with Auren in renewable energy commercialization and free-market PPAs in Brazil.
- Engie Brasil: Largest private power generator in Brazil with a diversified renewable and thermal portfolio. Directly comparable to Auren as a Brazilian IPP serving corporate and free-market customers through PPAs.
- CPFL Energia: Major integrated Brazilian energy group (State Grid subsidiary) with generation, distribution, and commercialization. Comparable to Auren in serving free-market consumers and large industrial clients via PPAs.
Broad incumbents
- Alupar: Brazilian holding focused on power transmission and generation concessions. Comparable to Auren in owning long-dated energy infrastructure concessions in Brazil with utility-like cash flow profiles.
- Engie (Global): Global energy major and parent of Engie Brasil, with extensive renewable generation globally. Comparable to Auren in strategy of shifting toward renewables and providing PPAs to corporate and hyperscaler customers worldwide.
- Eneva: Brazilian integrated energy company focused on thermal generation from natural gas. Comparable to Auren as a major Brazilian IPP serving the regulated and free markets, though with a thermal-skewed fuel mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Auren Energia social profiles
Digital presenceAuren Energia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Auren Energia leadership team
Management profileNumber of profiles
Profiles11 records
Auren Energia subsidiaries and ownership
Company hierarchySubsidiaries9 records
Auren Energia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Auren Energia M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Auren Energia
What does Auren Energia do?
Auren Energia generates and commercializes electricity from renewable sources (wind, solar photovoltaic, and hydroelectric) across Brazil. The company operates a diversified generation portfolio totaling approximately 8.8 GW post-AES Brasil merger and sells energy to corporate clients through long-term Power Purchase Agreements (PPAs), to free consumers in Brazil's free energy market, and provides modulation/grid services to the National Electric System Operator.
Is Auren Energia a public or private company?
Auren Energia is a public company. It is classified as public and is currently operating.
When was Auren Energia founded?
Auren Energia was founded in 2022. It employs 251 to 500 people.
Where is Auren Energia based?
Auren Energia is headquartered in São Paulo, Brazil, in the Latin America region.
How does Auren Energia make money?
Two revenue lines are on record. Energy Generation and Commercialization is the primary driver. The others are modulation and Grid Services.
Who are Auren Energia's main competitors?
Direct peers on record are Equatorial Energia, Serena Energia, Omega Energia, Neoenergia, Enel Brasil, Engie Brasil and CPFL Energia. Broad incumbents are Alupar, Engie (Global) and Eneva.
Does Auren Energia have an API?
No public API is recorded for Auren Energia.
What industry is Auren Energia in?
Auren Energia's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore). Its NAICS code is 22111 and its SIC code is 4911.