Day: August 7, 2020

Bolsonaro signs MP with $380 mm for COVID-19 vaccine

President Jair Bolsonaro signed a provisional measure that opens a budget credit of R$1.9 billion ($380 mm)to ensure the purchase of 100 million doses and local production of the possible vaccine against Covid-19 developed by the British laboratory AstraZeneca and the University of Oxford, and said he hopes to have the problem of the pandemic solved with the vaccination of the population in early 2021.

Brazilian agribusiness GDP advances 4.65%

The Gross Domestic Product (GDP) of Brazilian agribusiness advanced 4.65% in the first five months of the year compared to the same period in 2019, the Confederation of Agriculture and Livestock of Brazil (CNA) reported in a statement. According to the CNA, the increase in prices was one of the factors that drove the GDP, both in agriculture and livestock.

Chuí Complex reduces generation insecurity by 25% in Brazil

The acquisition of the Chuí wind farm will reduce Omega’s annual generation uncertainty by 25%. The generator added 582.8 MW of installed capacity to its portfolio, in Rio Grande do Sul. The assets were controlled by Eletrobras. This was the largest single transaction ever made by Omega, which involved the payment of R$ 568 million ($113 mm) in cash and long-term debt, totalling just over R$ 1.5 billion ($300 mm).

Free-market wind projects aggregate over $4.2 bn in investments

The free-market wind projects under the Special Regime of Incentives for Infrastructure Development (Reidi), from January 2018 to July 2020, represent more than R$ 21 billion ($4.2 bn) in investments, according to a study by ePowerBay. In total, there are 136 wind projects with 4,677 MW of power, distributed in eight Brazilian states.

Aneel approves auction for energy transmission; investments will be $1.4 bn

The National Electrical Energy Agency (Aneel) approved the announcement of the transmission auction to be held in December. There will be 25 transmission lines and 12 substations. The works will require investments of R$ 7.350 billion ($1.4 bn) and delivery time between 42 and 60 months. It is estimated that 15 thousand jobs will be generated. The contracts will have a 30-year term.