Industrial production in Brazil falls 2.4% in March, says IBGE

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

Brasil Bio Fuels to invest $14.5 mm

One of the winners of the auction for isolated systems, Brasil Bio Fuels will invest around R$ 80 million ($14.5 mm) in the lots that it managed to win in the contest. The company’s president, Milton Steagall, said that BBF, which is the largest palm oil producer in Latin America, used its successful experience in Rondônia, where it has plants. The fuel will be produced in the state, generating jobs for local labour.

Source: Canal Energia

Petrobras signs to sell thermoelectric plants for $17.2 mm

Petrobras signed with the São Francisco Energia, a subsidiary of Global Participações em Energia, a contract for the sale of three thermoelectric plants (UTE) powered by fuel oil, located in Camaçari (BA). The so-called Polo Camaçari TPPs were negotiated at R$ 95 million ($17.2 mm), the amount does not take into account the adjustments foreseen in the contract until the closing of the transaction. The thermoelectric plants include Arembepe, Bahia 1 and Muricy, with total installed capacity of 329 megawatts (MW).

Source: Valor International

Brazil has 13 GW in solar plants licensed until January

There are more than 13 GW in solar plants granted in Brazil until January this year, with 63% already having signed energy purchase and sale contracts. The survey points out that 50% of these ventures did not participate in the 2019 auctions, demonstrating the interest of developers in the free contracting environment. In contrast, of the 4.6 GW of plants that are destined for the regulated market, 34% have not entered into operation.

Source: Energia Hoje