BNDES issues $179 bn in green bonds

BNDES issued $179 bn in Green Financial Bonds (LFV), known as “green bonds”. The bank will raise funds with the papers and pass them on to projects focused on sustainability. In the case of this issue, the resources will be allocated to wind or solar generation projects and the issue is 100% directed to the domestic market.

Source: Energia Hoje

Brazilian biodiesel production reaches historical record

Production of biodiesel on the domestic market has already surpassed that of the pre-pandemic period and reached its highest historical level. According to ANP data, there were 3.93 million barrels of oil equivalent (boe). In October, the regulatory agency reduced the biodiesel blend rate to diesel fuel, of fossil origin, from 12% to 11%. The measure was adopted because the supply of the product had fallen in previous months.

Source: Agencia Estado

Indigenous issue creates deadlock for Ferrogrão project

With more than 900 km, the railway was designed to take agricultural products from the Midwest to the export channels in the north of the country. The expected investment in the concession could impact 48 indigenous peoples’ territories. The indigenous people are against it because they have not been consulted on what the plan will look like, says Beptuk Metuktire of the Kayapo ethnic group.

Source: Money Times

BNDES funds $3.9 mm in renewable energy generation project

BNDES approved funding of R$21.9 million ($3.9 mm) to Geo Elétrica Tamboara to expand project to produce electricity from biogas generated by the vinasse. The technology developed by the company is a pioneer in the use of waste from the sugar-alcohol sector and can contribute to expanding the supply of clean energy in the country and reducing carbon emissions.

Source: Portal do Agronegocio

Eletrobras approves Eletronuclear capital increase of $377 mm

Eletrobras’ shareholders’ meeting approved a capital increase of R$1.88 bn ($377 mm) for its subsidiary Eletronuclear. According to the company, the operation will take place through the conversion of advance credits for a future capital of R$850 mm ($151 mm) and the conversion of financing credits in the amount of R$1.035 bn ($178 mm), both belonging to Eletrobras.

Source: Money Times

Revenues from the tourism sector in Brazil are down by 33.6%

Brazil’s tourism sector turnover was R$70.4 billion from January to August 2020, a reduction of 33.6% compared to the same period in 2019. The survey is by Fecomercio-SP, based on data from IBGE. In the period analysed, the sector’s negative result was boosted by the drop in air travel (68.8% retraction) and by accommodation and food services (43.2% decrease).

Source: Agencia Brasil

67% of the generation added in 2019 came from solar and wind

According to BloombergNEF’s Power Transition Trends 2020 report in 2010 the share of renewable sources in new energy installations was less than 25%. That figure jumped to 67% in 2019. The analysis follows detailed data on installed capacity and power generation over the past decade. The data compiled by BNEF analysts are obtained directly from primary sources in the countries on the agenda and are the most current as of 2019.

Source: Portal Solar

Aneel opens public consultation on hybrid plant regulation in Brazil

Aneel opened the first phase of a public consultation on the regulation of hybrid and associated plants in Brazil. Hybrid plants can add efficiency gains to the electrical system, with complementary generation, optimised grid use and reduced operating costs. Initial calculations project to expand current installed capacity from 109 GW to 128 GW.

Source: Money Times