MG should have investments of $2.5 bn in transmission, says EPE

With the high attractiveness for the implementation of photovoltaic plant projects in the northern region of the state of Minas Gerais, EPE recommends that R$ 13.3 billion ($2.5 bn) be invested in transmission by 2031 to expand the energy flow capacity of the National Interconnected System (SIN) from the northern part of Minas Gerais to the main load centres in the southeast region.

Source: Energia Hoje

BDMG issues $50m in sustainable bonds and debut among public banks

The Development Bank of Minas Gerais (BDMG) became the first Brazilian public bank to issue so-called sustainable securities, which are debt securities intended to finance environmental and/or social projects. The transaction was carried out on the New York Stock Exchange for $50 million, and the securities were acquired by IDB Invest.

Source: 6 Minutos

Energias do Brasil acquires 40% of Blue Sol

Energias do Brasil said it had signed, through its subsidiary EDP Ventures, an investment agreement in Blue Sol, which owns Blue Sol Energia Solar, Blue Sol Franquia and Blue Sol Educacional. EDP acquired a minority stake of up to 40% of Blue Sol’s voting share capital. The agreement allows the company to acquire control three and a half years after the transaction is completed.

Source: Money Times