Day: July 9, 2020

Brazil becomes 16th in solar energy ranking

Brazil joined the list of the 20 countries with the most installed capacity of the source in operation and reached the 16th position. Brazil had at the end of 2019 an accumulated total of 4,533 megawatts (MW) of installed solar energy. The installed park is the result of investments of R$24.1 bn ($4.5 bn) until 2019, having generated more than 134 thousand jobs since 2012.

Azul sells participation in TAP for $12.2 mm

The airline Azul reported that it sold its indirect 6% stake in Portuguese airline TAP to the Portuguese government. The closed value was R$65 million ($12.2 mm). In the deal, Azul gave up the right to convert the senior bonds held by the company in the amount of €90 million ($102 mm), due in 2026.

IBGE projects 247 million tons of grain by 2020

The national grain harvest is expected to break a new record and reach 247.4 million tons in 2020, according to IBGE estimates. If confirmed, 6 million tons will be produced than in 2019. This also raises expectations that 59 million tons of coffee will be produced this year, up 18.2% in relation to 2019.