Brazil’s wind farms generated recor 12,805 MW, account for 105.9% of NE region

Wind farms in Brazil’s Northeast have generated 12,805 MW peak at 2216 local time on August 6, breaking the regional record. The volume produced by the wind farms at that time accounted for 105.9% of the regional need, the National Electric System Operator (ONS) said on Monday. Currently, wind power is Brazil’s third most common generation source, representing 10.9% of the national energy mix.

Source: Renewable Energy

Corteva launches Brazil biotech soy, tackles Bayer head-on

Corteva Agriscience said it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG .Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium glufosinate and the company’s own new formula containing 2,4-D choline salt.

Source: Yahoo!

Brazil’s 2022 GDP projections lowered to 2.1% due to political instability, draught and inflation

The rapid deterioration of the political and institutional environment, added to persistent inflation, a historic drought that compromises energy supply and agribusiness, high interest rates and fiscal disarray have already contaminated the economic scenario in Brazil and deflated the prospect that the market will gain momentum after a year and a half of pandemic. The Focus bulletin, which gathers market estimates, revised its forecast for growth next year from 2.5% in January to 2.1%. The International Monetary Fund lowered its expectations to 1.9%. Entrepreneurs and merchants also review plans.

Source: Folha Sao Paolo