Brazilian industry ended the first quarter with falling production in March, pressured by vehicles at a time of intensified restrictive measures due to the resurgence of the Covid-19 pandemic in the country. In March production fell by 2.4% compared to the previous month, according to the Brazilian Institute of Geography and Statistics (IBGE).
Source: Money Times
The state of São Paulo produced 11,957 GWh of bioelectricity from sugarcane from thermoelectric plants in the sugar-energy sector in the 2020/2021 harvest. The amount represents 54.4% of the total generation for the National Interconnected System (SIN).
Source: Energia Hoje
Bradesco has announced the goal of directing R$250 billion ($45 bn) to sectors and assets of positive socio-environmental impact through its businesses by 2025. The goal, according to the bank, considers the granting of credit for activities classified as having a positive contribution, financial products and services with a social and environmental focus for individuals and companies.
Source: UOL Economia
Latam announced a program to achieve carbon neutrality by 2050. The goal is inserted in the program called “A necessary destination”. The company estimates investing about $100 mm in sustainability strategies in the next decade. “We will be carbon neutral in 2050,” said the president of Latam, Roberto Alvo, in a virtual event.
Source: Agencia Estado
TIM Brasil has signed an agreement with IHS Brasil Participações for a partnership at FiberCo Soluções de Infraestrutura. IHS will hold 51% of the fiber-optic infrastructure company, which is focused on providing wholesale services, and TIM Brasil will hold the remaining 49%. HIS, a Nigeria-based telecoms infrastructure provider, will invest R$2.6 billion ($472 mm) for its stake in FiberCo. The new company will be responsible for the “last-mile” infrastructure, the final stretch to the client’s home.
Source: Valor International