Ministry of Economy approves $230 mm for AgroNortheast

The Ministry of Economy approved $230 million to finance AgroNortheast actions. The funds will come from the Inter-American Development Bank (IDB), with $40 million in counterparts from the Union, for a period of six years. AgroNordeste aims to promote increased competitiveness of agriculture and livestock in the Northeast Region, northern Espírito Santo and Minas Gerais.

Source: G1

Solar energy will supply Paraná’s public schools in $9.4 mm project

A pilot project for the installation of solar panels in public schools in Paraná will start operating this year. According to the government, 224 schools will be covered with a total investment of R$46.5 million ($9.4mm). According to SEDU secretary, João Carlos Ortega, the target is that the program reaches 180 municipalities in Paraná in one year. Throughout the state, 5,500 schools will be able to adopt the solar generation system.

Source: Ambiente Brasil

AES Tietê acquires Ventus Wind Complex for $130 mm

AES Tietê informed that it acquired all the shares of the companies that make up the Ventus Wind Complex (Brasventos Eolo, King of Winds 3 and Miassaba 3), located in the Northeast region, for the total amount of up to R$ 650 million ($130 mm). Of this amount, 51% of R$ 449 million ($89.8 mm) will be paid at the closing of the operation and 49% after five months from completion.

Source: Money Times