Renewable sources used in Brazil are three times higher than worldwide

In Brazil, renewable energy sources reached a 46.1% demand for participation in the Energy Matrix, an increase of 0.6% over 2018, according to the MME. The Brazilian indicator represents three times the world indicator. Total energy demand reached 294 million toe, showing a growth of 1.4% over 2018, above the GDP rate (1.1%), and accounting for 2% of world energy.

Brazil exports more soybean oil with drop in biodiesel

The negative impact of Covid-19 on the Brazilian diesel demand has also reduced the necessity of biodiesel, increasing the exportable surplus of soy oil, the main ingredient of the biofuel mixed in 12% in the Brazilian fossil product. Through Cattalini’s facilities are expected to export 850 thousand tons of soy oil in 2020, versus 672 thousand in 2019.

Petrobras sells 10% of TAG for $ 193mm

Petrobras sold the remaining 10% of the Associated Gas Transport Company to CDPQ for just over R$ 1 billion ($193mm). With this acquisition, Engie’s total shareholding in TAG increases to 65%, of which 32.5% belongs to Engie Brasil Energia and another 32.5% to GDF International, while CDPQ holds the remaining 35%.

Brazil’s mining industry revenues grow 9% in Q2

The Brazilian mining sector’s revenues reached R$ 39.2 billion ($ 7.8 bn) in the second quarter, up 9% compared to the first three months of the year, pointed out the Brazilian Mining Institute (Ibram). Brazil’s iron ore producers, including Vale, accounted for 59.3% of the country’s total mining sector revenues in the second quarter, with R$23.3 billion ($ 4.7 bn).

2W Energia will make an IPO of $288 mm for wind power plants

2W Energia is another company with plans to make an initial stock offering (IPO) at B3. The company has filed an offer request with the Brazilian Securities and Exchange Commission (CVM) for a primary issuance of shares. One of the objectives with the funds to be raised, according to the prospectus, is to invest in wind energy projects. The IPO should be in the amount of R$ 1.5 billion ($ 288 mm).

Bank of Brics approves $1 bn loan to Brazil

The board of directors of the New Development Bank (NDB), the Bank of Brics, approved a $1 billion (R$ 5.3 billion) loan to Brazil. The amount will be used to pay the Federal Government’s emergency assistance to about 5 million people. With the new financing, the Brazilian portfolio of projects approved by NDB in the country now reaches $ 2.55 bn.

5.7 MW power plant will supply energy to hospitals in MS

A photovoltaic solar power plant is in the final stages of construction. The project aims to serve hospitals in the capital and interior of the state of Mato Grosso do Sul and the enterprise will have 16,290 solar plates. With 5.7 MW of power, the plant will have the capacity to produce enough energy to supply around 7,000 popular homes.