Consumption in local businesses gains 79% preference of Brazilians

79% of Brazilians preferred to consume in local businesses during the pandemic, according to the study conducted by Mastercard. According to the data, 91% of those surveyed should continue this habit after the pandemic. Among Brazilian respondents, 64% are actively buying to help independent shops, 87% said that the last few months have made them more aware of those in need, and 88% said they feel a greater sense of community now.

Source: Money Times

Aeris negotiates $463 mn contract to supply Siemens Gamesa with wind blades

The wind turbine blade manufacturer Aeris is in negotiations with Siemens Gamesa for a potential contract whereby it would supply the company with equipment with a capacity equivalent to 3.3 gigawatts, the company said in a relevant fact. The contract would, in principle, run until 2024 and have a total estimated value of R$2.5 billion ($463 million), Aeris added, in a statement to the Securities Commission (CVM).

Source: Money Times

Conab sees up to 30.5% drop in Brazil’s coffee harvest in 2021

Brazil’s coffee harvest in 2021 is expected to be between 43.85 million and 49.58 million 60-kilo bags, a drop of between 21.4% and 30.5% compared to last year, projected by the state-owned Companhia Nacional de Abastecimento (Conab) in its first survey of the season. Arabica coffee production was estimated at between 29.7 million and 33 million bags, with a decline of between 32.4% and 39% compared to the previous year.

Source: 6 Minutes

Wind generation reaches capacity level of 45.77% in December

Wind power generation in the country showed a capacity index of 45.77% in December with an average production of 7,343.98 MW. The data is from the National Electric System Operator, which published the wind generation bulletin for the last month of 2020. The installed capacity in the country of the wind source in SIN closed at 16,979.04 MW, including those without relations with ONS. The operator said that another 1,747.66 MW were incorporated into the SIN, most of it, or 756.17 MW in Rio Grande do Norte.

Source: Canal Energia

Mercado Livre closes $1 bn issue to invest in credit and logistics

The online retailer Mercado Libre closed this month two debt issues totalling $1.1 bn, and part of the funds ($400 mm) will be invested in projects in areas such as credit and sustainability, especially in Brazil and Mexico. Another portion will refinance existing debt. Moody’s classified the operation as “Ba1,” in the speculative grade range.

Source: Valor Investe

Cemig can earn $258 mm from the sale of Light shares

Cemig approved the fixing of the price per share of Light at R$ 20.00 ($3.77), to carry out the sale of its entire stake in the distributor Fluminense. The company may raise R$1.37 billion ($258 mm) with the operation. Cemig currently holds a 22.58% stake in Light. With the primary offering, Light’s capital stock will increase by R$ 1.37 billion ($258 mm) to R$ 5.47 billion ($1.03 bn).

Source: Energia Hoje

Solar photovoltaic generation advanced by 26.4% in the third quarter of 2020

According to CCEE surveys, the third quarter was marked by a 26.4% rise in solar photovoltaic plant production. Considering all sources, the annual increase in this period was approximately 2%. Although the thermoelectric industries, marking a reduction of 36.2%, other segments of the renewable industries experienced growth: wind power plants advanced 10% and hydroelectric plants generated 14.7% more than last year.

Source: Portal Solar

São Martinho Group obtains $177 mm from BNDES for investments in plants

The São Martinho Group has been approved by BNDES to provide funding of R$ 941.6 million ($177 mm) to finance the company’s investments in power plants in São Paulo and Goiás, the state bank said in a statement Tuesday. The funds will be used to build a new corn ethanol plant at the Boa Vista plant (GO) and grain storage silos, as well as to implement a thermoelectric plant and modernise existing units.

Source: UOL Economia