Created in 2019, the company Susten Energia closed its first contract for the acquisition of photovoltaic production structure in Consórcio Urca, involving the initial generation of 10 MW in the mining municipalities of Patrocínio, Cláudio and Vale do Jequitinhonha. The investment is part of the company’s plan to offer 50 MW in distributed generation by the end of 2022, in resources that may reach R$ 200 million ($36 mm).
Source: Canal Energia
Even before the approval of the Budget 2021, the Ministry of Economy indicated the need to cut R$ 17.5 billion ($3.2 bn) in spending to comply with the cap spending, the rule that limits the growth of spending to inflation. The diagnosis of the fiscal situation was disclosed in the evaluation report of revenues and expenses of the first bimestre.
Source: UOL Economia
After Volkswagen, the Swedish carmakers Volvo and Scania announced measures to reduce operations due to the worsening of the pandemic. Volvo will reduce by 70% the production of trucks at its Curitiba plant as of this Tuesday and should remain so until the end of the month. Scania will stop production at its ABC Paulista plant from March 26 to April 5. The reason is the high level of instability in the supply chain – global and local – of parts, mainly semiconductors, combined with the worsening of the pandemic, said Volvo.
Source: Valor International
The National Confederation of Industry (CNI) predicts that the Brazilian economy, measured by the Gross Domestic Product, will grow 3% in 2021, in a base scenario, which considers the return of economic activity in May, with the reduction of measures of social isolation and pandemic control. The data were disclosed in the Conjunctural Report for the 1st quarter of the year.
Source: Money Times
The federal tax collection grew 4.3% in real terms in February and accumulated in the two months the highest result for the period in 21 years, but the government warned that the resurgence of the pandemic should impact the collection of taxes from mid-March. Last month, tax revenue totalled R$127.7 billion ($23 bn), the Federal Revenue Service said. The figure came above expectations for collection of R$124.9 billion ($22 bn), according to a Reuters poll of analysts
Source: 6 Minutos