pendent audtors appearing ebewrere herein and upon the authority of sad firm as experts in accounting and auckhrg The combined Ina:oral statements d Renova Energy Prophets I as ol December 31.2014 and 2013 and January 1. 2013 and for the years ended December 31. 2014 and 2013, irtiuded in this Prospectus have

e years ended December 31, 2014 and 2013 (Thousands of Bravi ien Reais - RS, unless othernl se stated) 1. Organization and description ot business Renova Energy %tees I (the 'Croup or the 'Company') comprises the opetatng esses. lot( thes and cperating actvites of Energatica Serra do Praia S A f EspreF), Sal