Susten Energia announces contribution of $36 mm for solar GD until 2022

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

Volvo, Scania to follow VW and scale down production

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

CNI expects GDP growth of 3% in 2021

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

Federal revenue has best result for the first two months of the year since 2000

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