Fund has $68mm to finance strategies in CLFI for Brazilian producers

The Sustainable Agriculture Finance Facility (SAFF) will offer to Brazilian producers credit to adopt or expand the use of Crop-Livestock-Forestry Integration (ILPF) strategies. In the first year, it will provide $68 million in funding, of which $62 million in producer credit and $6 million to finance certification programmes, research, technology transfer, technical assistance and certification.

Source: Agencia Estado

Mining investment in Brazil expected to reach $40 billion

Investments in mining in Brazil over the next five years are expected to reach around $40 bn, said Wilson Brumer, chairman of the board of the Brazilian Mining Institute (Ibram). According to him, Brazil has enormous potential to be developed, and the expansion of mineral research by the National Mining Agency (ANM) allows the sector to raise its investment projections.

Source: UOL Economia

Copel invests $6.9 mm to double capacity in Parana

Copel announced an investment of R$38 million ($6.9 mm) to expand the power substation located in the municipality of Guaíra. According to the company, the intervention will double the unit’s transformation capacity. The project will increase the unit’s transformation power from 300 to 600 MVA and will integrate a new transmission trunk planned by the Energy Research Company (EPE).

Source: Canal Energia

São Paulo Trade Balance exceeds $8 bn

From January to August 2020, São Paulo’s agribusiness showed a new increase in exports (+10.7%), reaching $11.10 bn, and a reduction in imports (-13.9%), totaling $2.73 billion; with these results, a surplus of $8.37 billion was obtained (+22%), when compared to the same period in 2019, reports the Secretariat of Agriculture and Supply, through the Institute of Agricultural Economics (IEA).

Source: Portal Agronegocio

FreteBras receives $17 mm from IDB Invest

FreteBras, the online cargo transportation platform FreteBras announced that it has received an investment of $17 mm from IDB Invest, the division of the Inter-American Development Bank (IDB). FreteBras presents itself as the largest digital cargo transportation platform in Latin America having intermediated 2 million freights in the first semester, 50% more than a year earlier.

Source: Reuters

Icon Energia to build 15 solar power plants in Minas Gerais

Icon Energia announced that it will build 15 photovoltaic plants by 2022, with investments of more than R$ 120 million ($22 mm) and a total installed capacity of 50 megawatt-peak (MWp). The projects are to be installed in the north, the mining triangle and the central-west of the state. The company’s focus is on serving condominiums and commercial establishments.

Source: Portal Solar