Votorantim and CPPIB will invest $36 mm in Brazil’s first hybrid park

VTRM, a joint venture between Votorantim Energia and CPP Investments, will invest R$189.98 million ($36 mm) in Brazil’s first hybrid park, located in Piauí. The initiative’s pilot project was approved by Aneel, when the agency also approved the second phase of the public hearing on the topic. A 68.7 MW solar plant will be installed inside the Ventos do Piauí I wind farm; the project aims to combine energy sources and take advantage of different hourly production profiles.

Source: Energia Hoje

CPFL invests $865k in robot that inspects UHEs tunnels

CPFL Energia, in partnership with Instituto Tecnológico de Aeronáutica (ITA) and Fundação Casimiro Montenegro Filho (FCMF), has developed an underwater robot to inspect hydropower tunnels. The project has investments of R$ 4.5 million ($865k) and aims to provide more security to the operations of checking the structural integrity of inaccessible sites, ensuring the proper functioning of the plants.

Source: Canal Energia

Ipea revises projection for official inflation from 4.6% to 5.3% in 2021

The Institute for Applied Economic Research (Ipea) has revised its forecast for IPCA (Amplified Consumer Price Index) inflation in 2021, increasing from 4.6% to 5.3%. The index is calculated by the IBGE (Brazilian Institute of Geography and Statistics) and used as a reference for the inflation target system pursued by the Central Bank.

Source: UOL Economia