The wind source is considered the cheapest in Brazil since 2017 and installed capacity should grow 35% by 2024 with investments of $7 billion ($1.2 bn) per year. In all, there are 653 wind farms and 7,920 wind turbines operating in the country. The installed capacity was 16.68 GW, with a forecast that by 2024 this number will reach an impressive 25.5 GW, according to InfoVento, an Abeeólica survey.
The World Bank predicts that the pandemic will shrink economic activity in Brazil by 5.4% by 2020. Previous estimate was an 8% drop in the Brazilian economy. The report says that Latin America and the Caribbean is the region most affected by the pandemic, but that the effects were less severe than feared initially.
The second most important date of the second semester for the commerce, the Children’s Day can be more positive for the retail. According to a research realised by FCDLESP (Federation of the Sao Paulo’s Store Managers Chambers), for 40% of the Sao Paulo’s retail, the date can bring an increase of 5% on the trade sales.
Source: Money Times
The Financial Innovation Laboratory (LAB) has been accepted as a member of the Financial Centres for Sustainability (FC4S), a discussion group that develops innovative financial solutions to meet the United Nations (UN) Sustainable Development Goals (SDOs) as well as commitments to address the risks of climate change around the world.
Source: Agencia Brasil
The infrastructure participation fund (FIP-IE) Prisma Proton is offering open distribution quotas of R$441 million ($79 mm) to qualified investors in the financial market, which will be used to acquire four photovoltaic (PV) plants in the Northeast. The process closes on October 23. The offer is coordinated by the banks BTG Pactual, Itaú, Credit Suisse.
Source: Energia Hoje