Termoceará

company 1 Deal 2 Partners

Fortaleza-based thermal power generation company operating 1.3 GW of natural gas-fired power plants in northeastern Brazil. Majority-owned by Eneva S.A., it focuses on baseload electricity supply to the national grid with long-term PPAs.

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Founded 1996 300 employees Parent: Eneva S.A.

UtilityDeveloperOperator

Strategic Overview

Focused exclusively on natural gas-fired thermal generation in northeastern Brazil, leveraging regional gas infrastructure developed by parent company Eneva.
All major projects developed and operated in partnership with or under ownership of Eneva S.A., indicating integrated strategy between gas supply and power generation.
No international presence or diversification into renewables observed to date; strategy remains centered on reliable baseload thermal power.

Deal History (1)

Brazil's Capacity Reserve Auction contracts 501.3 MW from oil and biodiesel thermal plants

Developer Oil Gas Brazil Mar 20, 2026

Investment Focus

Technologies

Oil Gas1

Geography

Brazil1

Key People

Paulo Roberto de Souza

CEO

Track Record

1,275

MW Total

Deals Completed

Years Active

$B1.2B

Total Value

Notable projects: Termoceará I, Termoceará II, Termoceará III

Detailed Analysis

Sectors

Utilities (3 deals)Energy Transition

Geographies

Brazil (3 deals)

Deal Stage

Operating

Deal Structure

Project FinanceConcession

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