The Latin American economy will grow by 5.2% this year, above the 3.2% forecast in January, and Brazil’s will register an expansion of 4.5%, according to projections released by the World Bank (WB). The multilateral organisation stressed that economic growth in the region will depend on “moderate progress in vaccination, the relaxation of restrictive measures, and an increase in the price of raw materials.
Source: UOL Economia
Bovine slaughter in the first quarter has lowest level since 2009
The slaughter of cattle in the first quarter of this year was 6.56 million head, a drop of 10.6% compared to the first quarter of 2020 and 10.9% compared to the previous quarter. It is the lowest result since the first quarter of 2009. The data are from the Livestock Production Statistics, released by the Brazilian Institute of Geography and Statistics (IBGE).
Source: Money Times
Gera Group intends to build 35 MW in renewable power plants
The Gera Group intends to invest this year in the construction of its own renewable energy generation projects totaling 35 MW, in several Brazilian states. The idea is to meet the demand of large consumers. The company informed that the investment plan in own projects this year is five times the amount.
Source: Energia Hoje
Retail sales grow 1.8% in April and the sector eliminates March losses
Retail sales grew 1.8% in April compared to March, according to data released on Tuesday (8) by the Brazilian Institute of Geography and Statistics (IBGE). This is the highest increase for a month of April in 21 years, even amid restrictions still imposed by measures to combat the coronavirus.
Source: G1 Economia
Biodiesel production grew by almost 9% in the country in 2020
The sector’s revenues reached R$26.2 billion ($5 bn), an increase of almost 68% over the previous year. According to the Ministry, 98.4% of the volume sold had the Social Biofuel Seal, which requires the inclusion of family farmers in the production chain. In ethanol, there was a drop in the volume commercialised due to the pandemic. But corn ethanol production grew more than 84% in 2020, to 2.4 billion litres.
Source: Portal do Agronegocio
Sugarcane is the source of 19% of the energy consumed in Brazil
A publication by the Energy Research Company (EPE) shows that sugarcane biomass represents 19.1% of the internal energy supply (IOE) or 39.5% of all renewable energy used in Brazil. Separately, sugarcane has already positioned the country as a global reference in clean energies, contributing to a participation above the world average, 13.8% of renewables in the matrix, and developed countries members of the Organization for Economic Cooperation and Development (OECD), 11%.
Source: Portal do Agronegocio
Distributed generation should attract $3.2 bn in investments
Distributed generation should attract approximately R$ 16.7 billion ($3.2 bn) in investments this year, according to federal deputy Lafayette de Andrada, rapporteur of bill 5.829/2019, which provides for the implementation of a legal framework for DG in the country. The proposal is being processed in an urgent regime in the House of Representatives The main source for the modality is solar, which last year accounted for investments of R$ 11 billion ($2 bn) in systems installed on roofs, facades or small rural sites.
Source: Energia Hoje
Original Bank revises projection for GDP growth in 2021 to 5.5%
Banco Original has revised the growth projection for Brazil for this year, previously 4.1%, to 5.5%. The revision comes after the release of the Gross Domestic Product (GDP) of the first quarter of 2021, which showed expansion of 1.2% compared to the fourth quarter of 2020 and exceeded the bank’s previous expectations.
Source: 6 Minutos
Brazil could get $1.05 bn a year in revenues from global corporate taxation
Brazil could obtain 900 million euros ($1.05 bn) in additional revenue per year if it imposes a minimum global tax rate of 15% on Brazilian multinationals under a future tax agreement that may receive the green light from the G20 in July in Venice, Italy. The estimate is from the European Observatory on Taxation, based in Paris and financed by the European Union (EU).
Source: Valor Investe
Solar reaches 9 GW and may generate $27 bn in new investments in Brazil
Brazil has reached the historic mark of 9 GW of operational power in large photovoltaic plants and small and medium systems installed on roofs, facades and lands, informs a survey of the Brazilian Photovoltaic Solar Energy Association (Absolar), indicating that the source brought more than R$ 46 billion ($8.5bn) in investments and 270 thousand jobs to the country.
Source: Canal Energia
