Month: July 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.

Pronampe released $566 mm for Brazilian small businesses

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.

Brazilian Startups received $156 million in June

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 completes first phase of UFV Rio das Flores with 1.4 MWp

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.

Brazil’s largest companies deliver manifesto to end Amazon deforestation

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.

Projections for Cachaça sector depicts a decrease of 21.7% in 2020

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.