Omega plans to build 1 GW of renewables in 2021

The Omega group is betting on the growth of renewable energy sources and plans to build about 1 gigawatt in
plants this year, in an aggressive course of portfolio expansion since its IPO in 2017. The 10-year PPA (power purchase agreement) will cover 100% of Bayer’s consumption in Brazil, supplying power to eight units as of 2024. It is estimated that the agreement will help avoid the emission of 100,000 tonnes of CO2. The volumes of energy and values involved in the contract were not disclosed.

Source: Valor International

Startup investment in 2020 was $3.8 bn

From 2011 to now, the number of startups has grown by an average of 100% per year and reached the 13,500 companies, according to the Brazilian Startups Association (Abstartups). Last year, the sector received R$ 19.7 billion ($3.8 bn) in investments, according to data from Abstartups. With the drop in the Selic rate, investors had to seek new ways to remunerate their capital, and venture capital funds – which invest in startups – became an option.

Source: UOL Economia

Renewable energy certification registers first biogas plant in Brazil

I-REC Standard has registered its first biogas plant in Brazil, UTE Biogás Bonfim. The enterprise, located in Guariba, São Paulo, is one of the largest biogas plants in the world, with 21 MW of installed capacity. I-REC Service is a global energy environmental attributes tracking system designed to facilitate reliable carbon accounting.

Source: Portal do Agronegocio

Brazil has potential to be self-sufficient in aviation biofuel

Brazil has the potential to produce biofuel for aviation from organic waste, and even export the product, given the expectation of greater demand with the more intensive demand for decarbonisation. According to the research, it points out a potential of 9 billion litres from sugarcane waste, the wood industry, used cooking oil, bovine tallow and steel mill gases.

Source: Energia Hoje

Agricultural products become 5% more expensive, says Cepea

In April, the IPPA/CEPEA (Producer Price Index of Agricultural Product Groups) recorded an increase of 5% in nominal terms compared to March 2021. According to information from Cepea, this result reflects the positive variations recorded in the indices IPPA-Grain, up 4.2%; IPPA-Livestock, up 1.6%; and IPPA-Cane-Coffee, with an important advance of 23.2%. On the other hand, in the same comparison, the IPPA-Horticultural products index registered a drop of 7.4%.

Source: Money Times

Trade activity registers a drop of 1.4% in April

Brazilian physical trade sales retreated by 1.4% in April 2021, when compared to the previous month, according to Serasa Experian’s Trade Activity Indicator. The Fabrics, Clothing, Footwear and Accessories segment led the overall drop, with a decline of 18.7%, a result that reveals a decelerating drop for the sector, since in March the fall had been 28.7%.

Source: Valor Investe

Privatizing Eletrobras will cost $3.5 bn more per year

The privatization of Eletrobras will result in an increase of R$20 billion ($13.5 bn) per year for consumers, according to an estimate by Abrace (Association of Large Energy Consumers and Free Consumers). According to the association, hiring thermoelectric plants in quantities and locations already defined, without support and technical study, may result in cost increase.

Source: UOL Economia