The Ministry of Regional Development (MDR) signed a memorandum of understanding with the British NGO Climate Bond Initiative (CBI) to qualify projects according to sustainability criteria and to attract investors, both in the auction and fundraising phases, with the possibility of issuing green bonds to finance the shares.
Brazil’s oil production in July totalled 3.078 million barrels per day, with a 2.2 percent increase compared to June and a 10.9 percent jump over the same month last year, the National Petroleum, Natural Gas and Biofuels Agency (ANP) reported in a bulletin.
The official August data on outbreaks of fire in the Amazon needs to be corrected and will probably show a rise compared to last year, which will mean the worst August in a decade. Due to an error on a NASA satellite that will be corrected, there will probably be an increase of 1% to 2% in fires.
In August, 174.26 MW of installed capacity were added in the country. 47% of this potential is from thermoelectric plants, with a highlight for a 50 MW auto-producer in Pernambuco, and the other 53% in plants with wind and water generation. The data refers to the release for commercial operation by Aneel.
The Provisional Measure with structural actions for the electricity sector published by the federal government opens the way for private initiative in the resumption of the Angra 3 project. The completion of the project, which is already more than half finished, is estimated at R$ 25 billion ($4.7 bn).
Brazil had a trade surplus of $6.6 billion in August, better for the month of the historic series that began in 1989, again helped by the collapse of imports. With the crisis, imports fell 25.1% in August. Exports fell by 5.5% on the same basis of comparison.
The Inpasa Brasil unit located in Nova Mutum began operating with a capacity to produce 890 m³ per day of hydrous ethanol. The industrial plant received an investment of R$ 550 million ($100 mm)and moved around 2,000 jobs during construction
Brazil’s GDP fell 9.7% in the second quarter, compared to the first three months of the year, due to the impact of the coronavirus crisis, according to IBGE. As a result, the Brazilian economy officially enters a technical recession, characterised by two consecutive quarters of shrinking activity levels.
Aeris, the manufacturer of blades for wind power generation, has been approved by BNDES for a loan of R$37.5 million( $6.7 mm). The funds will mainly support the purchase of industrialized materials of national origin by Aeris, for use in its production unit in Ceará.
The federal government confirmed the release of R$12 billion ($2.18 bn)for the second phase of the National Support Program for Microenterprises and Small Businesses (Pronampe). Pronampe is considered one of the government’s most successful credit programs in the crisis.