Day: August 18, 2020

Social bonds already equalize green bonds, says Moody’s

Moody’s Investors Service has raised its estimate for the sale of bonds to finance projects with positive social results by 50% this year. The agency now expects the emission of social and sustainability bonds worldwide to reach $150 billion this year, compared to an initial projection of $100 billion in May, according to a report by Moody’s analysts.

Brazilian steel production recovers and grows 3.5%

Brazilian crude steel production reached 2.6 million tons in July this year, an increase of 3.5% compared to the same period in 2019. Domestic sales grew 8.3% compared to July 2019 and reached 1.7 million tons. Apparent consumption of steel products was 1.8 million metric tons, an increase of 4.4% compared to the same period of 2019.

Latin American bank lends $350 mm to Brazil

The Latin American Development Bank (CAF) approved a $350 million loan for the Ministry of Economy to implement measures to tackle the crisis caused by the pandemic. The funding will complement government actions to reduce the impact on the most vulnerable economic and social sectors, especially the payment of emergency aid. During the pandemic, the CAF offered $2.5 billion in emergency credit lines for Latin American countries.

Renewable projects receive environmental licenses in RS

The Rio Grande do Sul State Environmental Protection Foundation (Fepam) has issued an operating license (LO) for a SHP and a preliminary license (LP) for a solar power plant. The projects total 27.36 MW and R$ 158 million in investments. The documentation delivered to the company Quevedos Energéticas S.A. from Santa Catarina.

Petrobras begins phase for sale of 578 MW in thermal power plants

Petrobras began the binding phase regarding the sale of four thermoelectric plants. The Arembepe, Bahia 1, and Muricy plants have a total installed capacity of 329 MW. The plants operate with oil and have the possibility of conversion to natural gas. The Rio Grande do Sul power plant of Canoas, on the other hand, has an installed capacity of 249 MW and is bi-fuel, using natural gas and oil for generation.