Brazil’s wind farms generated recor 12,805 MW, account for 105.9% of NE region

Wind farms in Brazil’s Northeast have generated 12,805 MW peak at 2216 local time on August 6, breaking the regional record. The volume produced by the wind farms at that time accounted for 105.9% of the regional need, the National Electric System Operator (ONS) said on Monday. Currently, wind power is Brazil’s third most common generation source, representing 10.9% of the national energy mix.

Source: Renewable Energy

Corteva launches Brazil biotech soy, tackles Bayer head-on

Corteva Agriscience said it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG .Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium glufosinate and the company’s own new formula containing 2,4-D choline salt.

Source: Yahoo!

Brazil’s 2022 GDP projections lowered to 2.1% due to political instability, draught and inflation

The rapid deterioration of the political and institutional environment, added to persistent inflation, a historic drought that compromises energy supply and agribusiness, high interest rates and fiscal disarray have already contaminated the economic scenario in Brazil and deflated the prospect that the market will gain momentum after a year and a half of pandemic. The Focus bulletin, which gathers market estimates, revised its forecast for growth next year from 2.5% in January to 2.1%. The International Monetary Fund lowered its expectations to 1.9%. Entrepreneurs and merchants also review plans.

Source: Folha Sao Paolo

Neoenergia signs agreement for green hydrogen production in PE

Neoenergia and the Pernambuco State Government signed a Memorandum of Understanding for cooperation and development of a pilot project for green hydrogen production at the Suape Port. The agreement will have a one-year term, which may be extended, and is in line with the strategy of parent company Iberdrola. Currently, Neoenergia has an installed capacity of renewable energies above 80% and expects this share to reach 90% in 2022, according to the conclusion of the projects in progress.

Source: Canal Energia

Judge orders Vale to pay $190 k for each worker killed in Brumadinho

A Labour Court ruling has determined that mining company Vale must pay compensation of 1 million reais ($190 k) for moral damages for each employee killed due to the rupture of a company dam in January 2019 in Brumadinho (MG). The company argued that it has already paid more than 2 billion reais ($385 mm) in civil and labour compensation associated with the disaster, after having signed agreements with more than 1,600 relatives of victims.

Source: Money Times

Embraer’s market cap gains $385mm with possible merger of “flying car” startup

Embraer gained almost R$2 billion ($385 mm) in market cap on Thursday, after confirming the negotiations that may culminate in the merger between its urban air mobility startup, Eve, and the SPAC (Special Purpose Acquisition Company) of the American Zanite Acquisition. The Brazilian aircraft manufacturer, which saw the end of its deal with Boeing in commercial aviation and the Covid-19 pandemic drain its stock market valuation, is now worth R$14.7 billion ($2.8 bn) on B3, the highest level in 24 months.

Source: Valor International

Gol buys MAP Transportes Aéreos for $5.3 mm

Gol Linhas Aéreas has announced the acquisition of MAP Transportes Aéreos, a domestic airline with regional routes and from Congonhas Airport in São Paulo, for R$28 million ($5.3 mm) in cash and shares. MAP is Brazil’s fifth largest airline, with a fleet of seven 70-seat ATR aircraft operating on routes in the Amazon region from Manaus Airport and in the South and Southeast regions from Congonhas, the country’s largest domestic airport.

Source: UOL Economia

Interalli Group plans to install 1 GW of solar power in Piauí

The Interalli Group is developing three photovoltaic complex projects in Piauí, amounting to approximately 1 GW. The first of them, Marangatu (360 MW), in partnership with Canadian Solar, had its construction authorized by Aneel in May. The project won the energy auction held by Furnas in November and comprises 12 plants that will be built in an area of 1,500 hectares in the municipality of Brasileira.

Source: Energia Hoje