Rio de Janeiro has officially entered the Natural Gas Free Market. According to Firjan data, for every million cubic meters/day of gas produced in Rio there is a potential to generate additional annual revenues of over R$60 million ($10.5 mm) in ICMS and R$20 million ($3.5mm) in royalties and special participation for the state and municipalities of Rio de Janeiro.
Source: Money Times
Atlas Renewable Energy has announced a $67 mm loan to finance the construction of the Jacarandá project, a 187 MWp solar plant under development in Brazil. The project is located in the municipality of Juazeiro, in the state of Bahia, and will generate 440 GWh per year.
Source: Portal Solar
Thermal power plants that are declared totally inflexible will be able to participate in future energy auctions. The MME wants to remove restrictions that still prevent plants with that profile from competing for contracts in the regulated market, said Marisete Pereira, MME’s executive secretary.
Source: Energia Hoje
Voltalia received a positive opinion from Aneel, releasing the start of the operation in test of the wind turbine nº 2 of the Vila Ceará I power plant, adding 3.5 MW of power installed in the municipality of Serra do Mel (RN).
Source: Canal Energia
The sugar and ethanol producer Usina Coruripe launched a project for a railroad terminal in Iturama (MG), developed to boost the flow in the region. The direct investment in the facility is around $12 mm, which is expected to move 2 million tons of VHP sugar per year to the port of Santos (SP).
The resumption of nuclear energy in Brazil will involve investments of R$15.5 billion ($2.6 bn) over the next few years with the expectation of expanding uranium/yellow cake exports to 1.5 tons per year and the conclusion of the Angra 3 nuclear power plant, the minister of mining and energy (MME), Bento Albuquerque, said at an industry event.
Source: 6 Minutos
Recognised as one of the “greenest countries in the world”, Sweden has a huge tradition of implementing sustainable projects. Sweden’s intention is to stimulate the development of the biogas industry in Brazil, taking advantage of the fact that the country is one of the world’s largest food producers and that it would have huge amounts of unused waste that can be used as fuel for biogas industries.
In the first quarter of crop year 2020/21 (July to September), agricultural areas with greenhouse gas reduction technologies financed by the ABC (Low Carbon Agriculture) credit line rose from 245,000 hectares to 485,100 hectares, up 97.9% from the same period in 2019, the Agriculture Ministry reported.
Source: Noticias Agricolas
The National Bank for Economic and Social Development (BNDES) has provided R$105 billion ($17.5 bn) in emergency support since the beginning of the new coronavirus pandemic in March of this year. The funds have gone to 258,000 Brazilian companies that are responsible for generating 8.5 million jobs.
Sales by the Brazilian machinery and equipment industry in September totalled R$13.9 billion ($2.3 bn), 13.3% more than in the same month of 2019. The increase was mainly driven by domestic trade, not by exports. The year-to-date sales totalled R$ 97.2 billion ($16 bn).
Source: Money Times