On August 25, 2026, Eneva and GE Vernova declared commercial operations (COD) at the 295 MW [[project-azulao|Azulão I]] gas-fired thermoelectric plant in Silves, Amazonas, confirmed via ONS dispatch bulletin on August 23.

The Bankability Tripod

• Capacity-Payment Dominance: Backed by a 15-year capacity contract matching the [[news-3216090|LRCap 2026 framework]], providing a quasi-availability annuity (R$/MW-potência) that de-risks debt amortization.
• Isolated-System Premium: Siting in the transmission-constrained Northern submarket (Sistema Isolado) yields higher capacity prices, offsetting region-specific logistics and O&M costs.
• Upstream Integration: Fuel is sourced from Eneva's proprietary Azulão reservoir, eliminating midstream gas-supply risks and LNG volatility prior to [[news-3216295|ANP's open-access rules]].

Technology Strategy

While the [[news-3216048|Wärtsilä-Origem deal]] optimized reciprocating engines for fast-start cycling, Azulão I deploys a GE Vernova heavy-duty gas turbine designed for high-availability baseload power.