A survey conducted by British Business Energy analysed data from 29 countries on energy companies around the world. The survey placed Brazil in second place in the renewable energy ranking. First place went to the United States.
Source: Canal Energia
Paraná has never exported as much soy as in the last harvest, the increase was almost 60%. From January-June 2020 the state exported 9.2 million tons of the grain, according to the port administration. According to analysts, in need of animal feed, the Chinese increased the demand for Brazilian grain.
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
The S&P rating agency downgraded Gol’s rating on the global scale from B- to CCC+, citing the company’s increased risk of failing to pay off a $300 million debt due in August. The agency also put the company’s rating on ‘under development,’ depending on the company’s ability to complete debt refinancing.
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
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
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
Embraer issued a note to the market stating that it has signed a contract with five public and private banks to raise $300 million in loans to finance working capital for exports. According to the statement, disbursements should be completed by the end of this month to strengthen the company’s cash position.
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).
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