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From the Media

Jan 23, 2020 - Electdrive

Brazil’s EV charging infrastructure is moving ahead with both public and private actors. Volvo, BMW and Portugal-based energy firm EDP are among them, along with Volkswagen, Audi, Porsche, Siemens, ABB and Electric Mobility Brazil from São Paulo. Brazil’s EV charging infrastructure is being given a boost with 30 different proposals in a program from the Efficient Electric Mobility Solutions program. The program has been put together by Brazil's electric energy regulator Aneel with a total budget of R$ 464 million (around 110 million euros), of which more 392 million real (about 93 million euros) comes from the regulator’s research and development program. At the same time, energy companies are providing the remainder.

Jan 23, 2020 - PV Magazine

Latin America’s largest bank, Banco do Brasil SA, has launched two more tenders to buy power from leased solar plants. The bank said the tenders will procure power for 122 of its agencies in the state of Bahia and 33 in Ceará. The lender estimates the resulting clean energy supply will save it R$ 56 million (US$13.4 million). In Bahia, the bank expects to contract around 8 GWh of solar electricity per year and in Ceará 2 GWh.The electricity generated by the solar plants will be supplied to the grid and its value then deducted from the bank’s energy bills, in accordance with net metering rules. In Brazil, net metering applies to all solar systems with a generation capacity of up to 5 MW.

Jan 23, 2020 - Investing.com

Brazil’s energy minister, Bento Albuquerque, announced that the nation is seriously considering joining OPEC in 2021 and will begin discussions during his upcoming visit to Saudi Arabia in July. Apparently Brazilian oil producers expressed concerns about OPEC membership in 2020 because the decision would mean cutting oil production to comply with the OPEC+ policy. Brazil seems optimistic that the production cuts will end by 2021 even though OPEC and Russia are actively working to extend the cuts—set to expire in March—through June 2020 and possibly through December 2020.

Jan 23, 2020 - Outlook India

Power Minister R K Singh on Thursday urged Brazilian investors to invest in the Indian energy sector, saying it is the fastest growing energy market and its consumption will treble in the coming days. Singh also assured investors that India will provide stable policy and regulatory regime to facilitate them. "Meeting our aspirations require us to go on higher energy consumption pedestal.. with our low base (per capita) energy consumption, our energy consumption is going to double or treble in short while. We want more and more companies to come here and invest here. We can promise of stable policy regime. We can promise a regulatory regime which is fair and decides and totally at arms length from the government." Singh said while addressing a seminar -- India-Brazil Opportunities in Energy and Mining.