Day: January 13, 2020

EDPR bags solar PPA for 66 MW in Brazil

EDP Renovaveis SA (ELI:EDPR) has secured a power purchase agreement (PPA) for the output of the 66-MW Lagoa solar park it plans to build in the Brazilian state of Paraiba, which will start generating power in 2022. The Madrid-based company with Portuguese roots says it has now secured 5.3 GW worth of off-take deals out of around 7 GW of its global capacity planned for installation between 2019 and 2022.

Brazil 5G auction delay dents country’s tech ambitions

Brazil’s auction of coveted 5G spectrum originally scheduled for March has been postponed until the end of year, amid a dispute at Anatel, the nation’s telecoms regulator, over the rules for the auction. Although the delay may help Brasília avert a looming stand-off with the US over whether Huawei play a role, it is a setback to the country’s technological ambitions that could cost the state billions in lost tax revenues and investments.

Bolsonaro pushes plans for mining in Amazonian indigenous lands

Mining and Energy Minister Bento Albuquerque told a group of 12 European diplomats that Brazil’s government was pushing ahead with plans to allow mining on indigenous reserves. He said that “significant leadership” from native communities had asked for the opportunity to mine on their lands. President Jair Bolsonaro will send a bill to Congress later this month to regulate the activity.

Casino close to selling discount chain Leader Price to rival Aldi

French retailer Casino Guichard Perrachon SA (CASP.PA) is in advanced talks to sell its Leader Price discount chain to German low-cost rival Aldi, at $834 million. In June last year, Casino started a restructuring plan for its Latin American operations which would result in controlling its businesses in Brazil, Colombia, Uruguay and Argentina through a 41.4% stake in Brazilian unit GPA (PCAR4.SA).

Brazil’s infrastructure for sale in 2020

By the end of this year, the Brazilian government hopes to have completed at least 18 projects of selling off public property, including public-private partnerships, privatizations, concessions, and leases. Estimated investments from these infrastructure projects total over BRL 27.7 billion ($6.8 billion).