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.
The Ministry of Economy stated that Pronampe, the federal government’s programme to guarantee credit for micro and small businesses, has already released more than R$3 billion ($566 mm) in the last three days. The initiative, which is aimed at small and medium-sized companies , provides for the government’s guarantee of part of the loans made by banks to these businesses, in a lower proportion than in Pronampe.
In June, the volume invested in Brazilian startups was $156 million. The amount is 333% higher than in May this year, when $36 million were invested. During the first half of the year, the companies received $669 million in a total of 167 rounds of investment. In relation to the same period in 2019, there was a 51% drop compared to the $1.3 billion invested last year.
Solarian Energy completes the first phase of the expansion of its solar project, which has raised the installed power to 1.4 MWp. By the end of the three phases, the Rio das Flores complex will have consumed investments of R$20 million ($3.8 mm) and will total power of 5.6 MWp. Besides generating cheap energy, 601 tons of CO2 will no longer be thrown into the atmosphere annually, equivalent to the consumption of a forest with 27,300 trees.
Leaders of 38 major Brazilian companies have delivered a ‘manifesto’ to Vice-President, Hamilton Mourão, stating their concern about the lack of swift action on the part of the Brazilian government in relation to the deforestation of the Amazon Forest. The leaders declare themselves concerned about the negative reactions of Brazilian investors, and reaffirm their commitment to sustainable development.
It is projected that for the cachaça sector in Brazil a drop of 21.7% in total volume, including sales in supermarkets, bars and restaurants, due to the coronavirus. Before the crisis, the sector predicted a 1.5% expansion. The cachaça has a 7% share of the Brazilian alcoholic beverage market in volume, while beer, ranked first, holds 87%. Cachaça represents more than 72% of the distillate market.