Day: August 21, 2020

Brazilian agro exports break record of $61.2 bn in 2020

Brazilian agribusiness exports reached US$ 61.2 billion and 131.5 million tons from January to July 2020, a new record for the period. Compared to the first seven months of last year, the growth reached was 9.2% in value and 17% in quantity exported. The analysis of the Confederation of Agriculture and Livestock of Brazil (CNA) is based on data released by the Ministry of Economy.

Brazilian solar energy shows tendency to grow in 2020

The Brazilian distributed solar generation market shows signs of recovery in the second half of the year, after suffering the impacts of the COVID-19 pandemic, points out a study by Greener. Of the 2,104 companies interviewed, 25% said they had not made any sales in the first half of 2020. Of these companies, 29% began operations that year. Already 11% of the integrators declared to have sold more than 500 kW in the last 6 months.

Brazil’s sugar production should advance 32%

Brazil’s sugar production in the 2020/21 season is expected to reach 39.33 million tons, a 32% increase compared to the previous season, projected by the state-owned Companhia Nacional do Abastecimento (Conab). The projection was high compared to Conab’s first estimate for the cycle, in May, when sugar production was seen at 35.3 million tons.

Araxá Energia plans to invest $80 mm in solar GD

Araxá Energia’s business plan plans to invest R$ 450 million ($80 mm) in the construction of 150 MW of installed capacity in the remote generation mode by the end of 2022. The remote generation business model for lease is characterised by plants between 1 and 5 MW. The first 5 MW are planned to start construction in January 2021, with investments estimated between R$ 15 and R$ 20 million. ($2.6 and $3.6 mm)