Our story

Movhera is a newly created company through the transmission of Portugal’s second largest hydroelectric portfolio. In December 2020, the consortium ENGIE, Crédit Agricole Assurances and Mirova became the operator of six hydropower plants previously operated by EDP, with a generation capacity of 1.7 GW and a weighted average remaining concession term of 45 years.

Being at the forefront of the energy transition.

 

Renewable hydropower is a reliable, versatile and low cost source of clean electricity generation and responsible water management

Our hydropower plants are helping to accelerate the clean Energy Transition, providing essential power, storage, flexibility and climate change mitigation.

Each member of the Movhera consortium, ENGIE, Crédit Agricole Assurances and Mirova is deeply committed to a carbon-neutral world.

Respect of the Environment and Health & Safety are our top priorities.

ENGIE

In response to the urgency of climate change, we want to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. We rely on our key activities in renewable energy, networks and infrastructure to offer competitive long-term solutions to our customers, in particular global companies and local authorities. With our 171,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to harmonious progress.

 

ENGIE in Portugal

ENGIE has a strong presence in Portugal in energy services such as energy efficiency and district heating and cooling networks. The Group is also the second largest player in electricity generation in Portugal, with a diversified portfolio of energy sources, which includes approximately 10% of the wind power generated in Portugal. The Group is represented in Portugal through four companies: ENGIE Portugal, Climaespaço, Arclasse, Hemera and Trustenergy.

 

CREDIT AGRICOLE ASSURANCES

Crédit Agricole Assurances is France’s leading insurer. The group offers a range of savings, retirement, health, personal protection and property insurance products and services. These are distributed by Crédit Agricole Group banks in France and in 9 countries worldwide, by wealth management advisors and general agents. With its 4,700 employees, Crédit Agricole Assurances companies serve individual customers, professional clients, farmers and businesses.

 

MIROVA

Mirova is Natixis Investment Managers’ affiliate dedicated to sustainable investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. The firm’s talents have been pioneers in many areas of sustainable finance. Moreover, they have been actively investing in renewable energy infrastructure assets for the past 17 years with over 2 GW of installed capacity across more than 180 wind, photovoltaic, hydro and biomass projects in Europe.

 

Organisation of the consortium

Key figures.

 
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1
team

Be it.

We are one passionate team.

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6
 

Do it.

We own, operate and maintain six hydropower plants.

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3213
 

Power it.

We produce 3,4 TWh of renewable energy per year on average

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10%
 

Respect it.

We contribute to Portugal’s renewable energy capacity by more than 10% .

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-0.9
CO2 Mtons

Green it.

On average, each year we contribute to avoid the emission of 0,9 Mton of CO2 in Portugal.