Data published by IBGE show how difficult it is to maintain an active business in Brazil. One in four companies have managed to stay in business for over 10 years. According to the survey, of the approximately 889,500 companies created in 2008, only 225,000 were still operating in 2018. In other words, only 25.3% of the companies managed to stay in business for more than a decade.
Source: G1
Day: October 23, 2020
BNDES funds $3.9 mm in renewable energy generation project
BNDES approved funding of R$21.9 million ($3.9 mm) to Geo Elétrica Tamboara to expand project to produce electricity from biogas generated by the vinasse. The technology developed by the company is a pioneer in the use of waste from the sugar-alcohol sector and can contribute to expanding the supply of clean energy in the country and reducing carbon emissions.
Source: Portal do Agronegocio
AES Tietê already has plans for hybrid power plants in Brazil
Generator awaits definition of the regulations with the regulatory adjustments to spread hybrid plants in the country. As soon as the hybrid plants are normalised, AES Tiete already has plans to start selling solar projects in its wind farms.
Source: Energia Hoje
Caixa releases $446 mm for micro and small businesses
Caixa Econômica Federal reached the mark of R$ 25 billion ($446 mm) in resources made available in credit lines for small and micro companies during the pandemic period. The bank’s strategy is to provide conditions for entrepreneurs to find solutions to survive in a market that has been negatively affected since the beginning of the year.
Source: UOL Economia
Eletrobras approves Eletronuclear capital increase of $377 mm
Eletrobras’ shareholders’ meeting approved a capital increase of R$1.88 bn ($377 mm) for its subsidiary Eletronuclear. According to the company, the operation will take place through the conversion of advance credits for a future capital of R$850 mm ($151 mm) and the conversion of financing credits in the amount of R$1.035 bn ($178 mm), both belonging to Eletrobras.
Source: Money Times
