Magalu concludes a deal with GreenYellow to supply solar energy to 214 stores

Magazine Luiza (Magalu) has concluded a deal with GreenYellow to supply solar energy to 214 stores. The contract stipulates the delivery of 9307.1 MWh per year. The 214 stores will then operate 100% on sustainable energy. According to data from Absolar in June, 39.5% of the solar energy consumed in the Brazil already goes to the commerce and services sector.

Source: Agencia Estado

Marfrig announces project to guarantee production chain will be free of deforestation

Marfrig announced the Marfrig Verde+ Plan, a project created in conjunction with the IDH (Sustainable Trade Initiative) that guarantees that the entire production chain of the company will be healthy and free of deforestation in ten years. The goal is to invest R$500 million ($100mm) in sustainability actions over the next decade.

Source: Money Times

BNDES will receive $6mm in resources for energy efficiency projects

The Guarantee Fund for Energy Efficiency Credit (FGEnergia) of the BNDES will receive R$30 million ($6mm) from the National Program for Electrical Energy Conservation (Procel). The resources, of the non-refundable type, will be used to support energy efficiency projects in different sectors of the economy, through the granting of guarantees.

Source: Agencia Brasil

Infrastructure requires $8 bn for Pró-Brasil works

The Ministry of Infrastructure’s final proposal for investments in public works through Pró-Brasil foresees a budget requirement of R$40.4 billion ($8bn) from 2020 to 2023. The resources would be invested in 153 road, rail, waterway and airport projects. To start these works this year, the IM need an extra injection of R$5 billion ($1bn). The ministry has already executed 70% of the budget guaranteed in 2020.

Source: Isto É

Eneva will propose $1.5 bn for AES Tietê

Eneva Electric informed that it will make a new proposal around R$7.5 billion ($1.5 bn) to incorporate AES Tietê, as long as it has the support of BNDESPar, the biggest shareholder of the generator that also has as partner the North American group AES. Eneva plans to pay the transaction with 130,498,292 new common shares and a cash portion of R$727.89 million ($145 mm).

Source: Reuters

Solatio negotiates 1.2 GWp solar complex in Janauba with Brookfield

Brookfield Energia Renovável has signed a contract with Solatio for the acquisition of the solar complex with 20 parks in the final stage of development, totalling 1,200 MWp of installed capacity. The total investment in these assets is estimated at R$3 billion ($600mm). The asset occupies an area of over 3,000 hectares in the municipality of Janaúba, northern Minas Gerais.

Source: Canal Energia