Petrobras concludes sale of BSBios and receives $47 mm

Petrobras, through its subsidiary Petrobras Biocombustível (Pbio), concluded the sale of its 50% participation in BSBios. For the operation, the state-owned company received a total of R$ 253 million ($47 mm) on Tuesday. In addition to this amount, will be kept another R$ 67 million ($12 mm) in a linked account for compensation for any contingencies and released as provided in contract.

Source: Infomoney

Largest storage system in the country should begin operating by March

By the end of the first quarter, the installation of the largest battery storage system for electricity in the country should be completed. The BESS system has a storage capacity of 10 MWh, enough to supply 45,000 homes for one hour. The mining company Vale has applied technology aligned with its decarbonisation strategy. Last year, Vale announced an investment of at least $2 billion to reduce its direct and indirect absolute emissions by 33% by 2030.

Source: Energia Hoje

Neoenergia has net profit of $184 mm

The power company Neoenergia recorded net income of R$ 996 million ($184 mm) in the fourth quarter of 2020, up 61% compared with the same period last year, the company, controlled by Spain’s Iberdrola, said on Tuesday. In its balance sheet, the company highlighted the recovery of the energy market after the strong impact caused by restrictive measures related to the Covid-19 pandemic.

Source: Money Times