Minas Gerais signs $560 bn agreement with UK for green development

Minas adherence to the agreement will generate additional revenue and jobs, according to Ambassador Liz Davidson’s assessment. The UK wants to cut emissions by 68% by 2030. Brazil has enormous comparative advantages to position itself as a green economy. Low-carbon measures would result in a cumulative increase of R$2.8 trillion ($560 bn) in 2030, and 2 million more jobs in 2030, mainly in industry and services,” he said.

Source: Portal Solar

Energias do Brasil acquires 40% of Blue Sol

Energias do Brasil said it had signed, through its subsidiary EDP Ventures, an investment agreement in Blue Sol, which owns Blue Sol Energia Solar, Blue Sol Franquia and Blue Sol Educacional. EDP acquired a minority stake of up to 40% of Blue Sol’s voting share capital. The agreement allows the company to acquire control three and a half years after the transaction is completed.

Source: Money Times

AGU charges more than $520 mm from Amazonian deforesters

In recent months, the Amazon Advocacy Task Force (AGU) has filed 114 public civil actions to charge more than R$2.6 billion ($520 mm) in environmental violations. The lawsuits reached approximately 230 accused of the devastation of 135,000 hectares of Legal Amazonia. Justice has ordered the blocking of more than R$776 million ($155 mm) in assets and values of large deforesters.

Source: Veja

Port of Santos grows 9% and should break record in 2020

The Port of Santos has been breaking records in cargo handling. And in 2020, even with the pandemic, it should register the largest volume in history. From January to November, the port handled more than 130 million tons, an increase of almost 9%, driven by soy and sugar. In the case of sugar, the advance was almost 72%, with 9 million tons more shipped to Africa, Asia and the Middle East.

Source: G1

Sale of energy distributors is on the radar of privatisation for 2021

Privatisation in the electricity sector is on the radar of government and investors in 2021, a year of little influence from electoral disputes affecting the calendar. In a scenario of low interest rates, the focus is on the advancement of the privatisation process of Eletrobras, the sale of the distribution and generation and transmission units (GT) of the state-owned CEEE, the amapaense distributor CEA, and possible advances in the privatisation of Cemig.

Source: UOL Economia

AES Tietê buys two wind farms from Cúbico Brasil for $161 mm

AES Tietê had signed a contract with Cúbico Brasil for the acquisition by AES Brasil of all the shares of the companies that make up the MS Wind Complex and the Santos Wind Complex. According to the company, the total value of the acquisition is up to R$806 million ($161 mm) , of which R$529 million ($106 mm) is equity; and the assumption of the project’s net debt of R$277 million ($55 mm).

Source: 6 Minutos

Solar energy grows 70% in Brazil despite pandemic and attracts large companies

Solar generation facilities in Brazil jumped from 70% in the year to 7.5 gigawatts (GW), almost half the capacity of the Itaipu hydroelectric plant. The strong performance has led large global and local power plants to expand their focus on technology in Latin America’s largest country. Companies such as China’s CGN, Norway’s Statkraft and VRTM said their next projects in Brazil should involve photovoltaic plants.

Source: Money Times