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 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.
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.
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.
The index that measures the confidence of the business entrepreneur (Icec) reached in June its worst monthly drop in the series, which was started in March 2011 by the National Trade Confederation (CNC). The index decreased by 28.6% compared to May, still influenced by the economic impacts of the pandemic.