Cogeneration in Brazil grew by 1.2% in 2020 and already has 639 plants, representing 18.81 GW of installed capacity. This corresponds to 10.8% of the Brazilian electricity matrix (174.7 GW), which is equivalent to the installed capacity of 1.3 hydroelectric plants in Itaipu (14 GW). According to Cogen data, 62.4% represent cogeneration from sugarcane biomass. Natural gas-fired cogeneration already accounts for 16.8%.
Source: Canal Energia
The government of São Paulo will provide just over R$100 million ($18.5 mn) in credit for state companies. The economic rescue line will be made available by the development bank Desenvolve SP as of today. “Micro and small companies will benefit from this credit,” said Governor João Doria.
Source: Valor Investe
With an investment of R$ 1.2 billion ($222 mn), the purchasing group of the old Ford factory will begin work to transform into a modern logistics centre the area that housed the assembly line of the brand’s vehicles for 52 years. The São Bernardo area will have 13 modular warehouses in 460 square meters of built area and it is estimated that between 4 thousand and 4.5 thousand jobs will be generated when the whole complex is occupied.
Source: Agencia Estado
The revenues of the startups sheltered by the Cube reached R$4.4 billion ($815 mn) in 2020. A jump of 1.52% compared to 2019. The movement had the highlight startups that provide health services, especially those with telemedicine solutions. Created in 2015 by Itau, the Cube ended last year with a network of 457 startups.
The Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) has signed an agreement with Norte Energia, the concessionaire of the Belo Monte hydroelectric dam, regarding the flow of the plant. According to statement, Belo Monte has accepted all the additional measures established by Ibama and is expected to invest R$157 million ($29 mm) in programmes to minimise the impacts of the reduced flow stretch of the Xingu, where the plant is located.
Source: Money Times