Day: August 10, 2020

Brazilian government will sell 100% of its participation in Vale

The federal government will reduce its participation in Vale mining company by 100%, highlighting that it is not an objective of public authorities to be shareholders of companies. The government still had a participation in Vale and is reducing its participation until it sells 100%. The government will substantially reduce its portfolio of companies and its hedge fund.

StartSe will inaugurate solar power plant in Ceará

StartSe, dedicated to photovoltaic power generation, will inaugurate the construction of a solar plant in Ceará. The structure will be in Potengi and intends to supply up to 5 thousand homes. In total 25 thousand photovoltaic modules of 400w of power each will be implemented, totalling a plant with power of 10 MW. Ceará occupies a prominent position as a centralised solar energy producer in the country, with a total of 950.1 MW of power.

Deforestation alerts in the Amazon rise 34.5% over a year

The areas with an alert for deforestation in the Amazon increased 34.5% in the period of one year, according to data released by the Space Research Institute (Inpe). From August 2019 to July 31 of this year, there was an alert for deforestation of 9,205 km² of forest area, an area more than six times the size of the city of São Paulo.

Pandemic bill in Brazil has reached $140 bn

According to a survey conducted by Estadão, based on government and bank estimates, the pandemic is expected to cost around R$ 700 billion ($ 140 bn) in 2020 alone, the equivalent of almost 10% of GDP and R$ 3,300 ($660) for each Brazilian. From the public accounts point of view, this represents almost six times the deficit forecast for this year before the pandemic, of R$ 124.1 billion ($25 bn).