Only one in four companies survive for more than 10 years in Brazil

Data published by IBGE show how difficult it is to maintain an active business in Brazil. One in four companies have managed to stay in business for over 10 years. According to the survey, of the approximately 889,500 companies created in 2008, only 225,000 were still operating in 2018. In other words, only 25.3% of the companies managed to stay in business for more than a decade.

Source: G1

BNDES funds $3.9 mm in renewable energy generation project

BNDES approved funding of R$21.9 million ($3.9 mm) to Geo Elétrica Tamboara to expand project to produce electricity from biogas generated by the vinasse. The technology developed by the company is a pioneer in the use of waste from the sugar-alcohol sector and can contribute to expanding the supply of clean energy in the country and reducing carbon emissions.

Source: Portal do Agronegocio

Eletrobras approves Eletronuclear capital increase of $377 mm

Eletrobras’ shareholders’ meeting approved a capital increase of R$1.88 bn ($377 mm) for its subsidiary Eletronuclear. According to the company, the operation will take place through the conversion of advance credits for a future capital of R$850 mm ($151 mm) and the conversion of financing credits in the amount of R$1.035 bn ($178 mm), both belonging to Eletrobras.

Source: Money Times

Revenues from the tourism sector in Brazil are down by 33.6%

Brazil’s tourism sector turnover was R$70.4 billion from January to August 2020, a reduction of 33.6% compared to the same period in 2019. The survey is by Fecomercio-SP, based on data from IBGE. In the period analysed, the sector’s negative result was boosted by the drop in air travel (68.8% retraction) and by accommodation and food services (43.2% decrease).

Source: Agencia Brasil

67% of the generation added in 2019 came from solar and wind

According to BloombergNEF’s Power Transition Trends 2020 report in 2010 the share of renewable sources in new energy installations was less than 25%. That figure jumped to 67% in 2019. The analysis follows detailed data on installed capacity and power generation over the past decade. The data compiled by BNEF analysts are obtained directly from primary sources in the countries on the agenda and are the most current as of 2019.

Source: Portal Solar

Aneel opens public consultation on hybrid plant regulation in Brazil

Aneel opened the first phase of a public consultation on the regulation of hybrid and associated plants in Brazil. Hybrid plants can add efficiency gains to the electrical system, with complementary generation, optimised grid use and reduced operating costs. Initial calculations project to expand current installed capacity from 109 GW to 128 GW.

Source: Money Times

Brazil’s industrial confidence reaches its peak since 2011

Industrial confidence in Brazil rose in October to its highest level in more than nine years, a survey showed as the sector continues to rebound strongly from the coronavirus closures and leads the economic recovery. The increase was mainly due to the positive business outlook in the current situation, with the sub-index climbing 5.9 points to 113.2, while the expectations index gained 2.2 points to 108.1, according to FGV.

Source: ES Investing