Retailers in SP will have a loss of $1.9 bn in the period of the restriction

FecomercioSP calculates that the migration of the State of São Paulo to the restriction rules of the red phase of the SP Plan will cause an average loss in the month of around R$ 11 billion ($1.9 bn). The figure, according to the entity, is similar to the measured impacts of the average monthly decline in April and May of last year. In the capital city alone, FecomercioSP estimates an average loss of R$ 6 billion ($1 bn) for the month being measured.

Source: Agencia Estado

Cerrado conservation projects may receive up to $30,000

Associations and cooperatives operating in the Cerrado region may receive up to $ 30K (about R$ 160,000) to develop projects to strengthen governance and minimize the negative impacts of the covid-19 pandemic in these territories. Entities that fit into the concept of Territories and Areas Conserved by Indigenous and Local Communities (TICCA) are eligible for the program.

Source: Agencia Brasil

Enegix signs with Ceará state green hydrogen project for $5.4 bn

Enegix Energy has announced the Base One green hydrogen project in cooperation with the Government of Ceará, with an investment of $5.4 billion. Under the terms of the memorandum, Enegix will create the world’s largest green hydrogen plant, which will produce more than 600,000 tons of green hydrogen per year from 3.4 GW of power from combined wind and solar projects.

Source: Canal Energia

Geru and Rebel make a merger of $175 mm for the personal credit market

Geru will represent around 65% of the total and Rebel, 35%. The company is born evaluated in R$ 1 billion ($175 mm) and with a project to multiply by 10 the credit origination, from an estimated total of R$ 900 million ($157 mm) this year to more than R$ 9 billion ($1.6 bn) in 2025. The brands, however, remain separate. But together, the companies want to reach a revenue of R$ 3.4 billion ($596 mm) by the end of 2025.

Source: Exame

Energisa Borborema plans to invest $3.1 bn in 2021

With 224,000 billed customers in its concession area, which covers six municipalities in the interior of Paraíba, Energisa Borborema plans to invest R$17.9 million ($3.1 mm) this year. The amount is in line with the annual average of the last five years, when the distributor that serves six municipalities in Paraíba invested R$ 80 million ($14 mm) between 2016 and 2020.

Source: Energia Hoje

Energy generated from waste grew in 2020

The generation of energy by biogas power plants from urban waste grew by 7.7% in 2020. reaching 110.2 MW average produced, according to CCEE. The process, which is carried out from the gas generated by the decomposition of organic matter in landfills, has advanced 162% in five years, which registers 18 plants in Brazil, six of them in Sao Paulo, where is the highest concentration.

Source: Folha

Photovoltaic solar energy exceeds 8 GW and brings $7.15 bn of investments to Brazil

Brazil has surpassed the historic mark of 8 gigawatts (GW) of operational power from the photovoltaic solar source, according to a survey by the Brazilian Photovoltaic Solar Energy Association (Absolar). The entity highlights that since 2012, the source has brought more than R$ 40 billion ($7.15 bn) in investments to the country and generated more than 240,000 accumulated jobs.

Source: UOL Economia

Mercado Livre to invest $1.8 bn in Brazil in 2021

Mercado Livre announced on Monday that it will invest R$10 billion ($1.8 bn) in Brazil by 2021 to make its mark in its main market, seeing Latin America as the fastest growing e-commerce region in the world. The amount, equivalent to that invested by the company in the country over the past four years, was disclosed in the wake of explosive growth in operations in the fourth quarter and comes after announcements of rival billionaire investments, including from US-based Amazon in the country.

Source: Money Times

Exports of agribusiness products to Canada grow to $4.2 bn

The Brazil-Canada Chamber of Commerce (CCBC) highlighted that despite the economic crisis proved by the pandemic of the new coronavirus, the revenue from Brazilian exports to the Canadian market grew 25% in 2020 compared to the previous year. According to data from the Secretariat of Foreign Trade (Secex) compiled by the entity, shipments reached a total of $4.2 billion.

Source: Portal do Agronegocio