Day: June 26, 2020

Solar energy grows by 27%

Between January and May of this year, solar energy gained an additional capacity of 1,236 MW. The result represents a 27% growth in the installed capacity compared to last year’s consolidated. The data was released by the Brazilian Association of Photovoltaic Solar Energy (Absolar).

BNDES announces another $940 mm for SME’s

BNDES will expand the credit line for working capital by R$5 billion ($940 mm) for micro, small and medium-sized companies to face the economic effects of the COVID-19 pandemic. According to the bank, the first R$5 billion ($940 mm) credit launched at the beginning of the pandemic has run out.

Central Bank projects 6.4% drop in Brazil’s GDP

The Central Bank maintained its inflation estimate for 2020 in the reference scenario, which uses constant exchange and interest rates for the projection horizon. Accordingly, it revised the GDP projection for a 6.4% drop this year. The change in the projection is essentially associated with the advancement and duration of the pandemic in all national territory.

Petrobras offers up to $1.8 million to finance startups

The Petrobras Connections for Innovation Program, in partnership with Sebrae, offers resources of up to R$10 million ($1.8 million) for projects in nine technological areas: digital technologies, robotics, energy efficiency, catalysts, corrosion, carbon reduction, geological modelling, and water inspection and treatment technologies. The goal is to utilise the innovative products in Petrobras’ operations.