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.
The trade protectionism measures taken by the U.S. government have an impact of $1.6 bn on Brazilian exports per year, according to CNI. The imposition of quotas for purchases of Brazilian steel and the taxation of 10% of the country’s aluminium purchases had an impact of $1 bn per year, in the case of steel, and $200 mm for aluminium sales.
Ecorodovias informed the market that it approved the issuance of R$1 billion ($189 mm) in debentures. The maturity of the debentures will be 36 months. The net resources obtained through the issue will be allocated to the payment of debts, investments and cash reinforcement of the company.
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.
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.