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Power

Cemig’s Board of Directors Approves Capital Increase

Jul 3, 2020

Transaction, through the issuance of shares, will still be submitted to shareholders and has an impact of 4%

NeoSolar Projects: Growth of 30% This Year

Jul 3, 2020

The company already senses normal demand for equipment and is optimistic for the second semester

Electricity Consumption Fell 13.7% in the Southeast in May

Jul 2, 2020

EPE reported the national average decline was 11%. May was the worst month in the historical series in the industry, since 2004

Brazil to Reach 5 M of RECs in 2020

Jul 2, 2020

The country is the second largest issuer of global emissions certificates

Atlas Renewable Energy To Supply Solar Power to Dow

Jul 1, 2020

Contract makes feasible the 187 MWp Jacarandá solar complex in Juazeiro, Bahia

Consumers in the Unregulated Market Up 10% in 2020

Jul 1, 2020

But average electricity consumption was down 4% compared to last year to 18,781 MW-a

Electricity Consumption Has Already Decreased 5.8% in 2020

Jun 30, 2020

CCEE identifies deceleration in consumption drops, after a stronger quarantine in April and May and a weaker one in June

Servtec To Invest US$ 40.1 M in 22 Solar Plants

Jun 30, 2020

Facilities total 54 MWp and will be installed in ten states

Electricity Consumption in Brazil Falls Below World Average

Jun 29, 2020

BIP survey indicates a national reduction of up to 12%, while other countries register an average drop of 25%

Chesf To Invest US$ 185 M in Modernization in 2020

Jun 29, 2020

There are three major projects in the works in addition to one-off improvements to generators

Federal Police Investigates Eletronuclear

Jun 26, 2020

The company informed that it learned about Fiat Lux Operation through the press

Casa dos Ventos Will Supply Energy in the Free Market to Anglo American

Jun 26, 2020

The mining company will be a partner in the Rio do Vento wind farms (504 MW), in Rio Grande do Norte

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From the Media

Jul 03, 2020 - LNG Industry

Golar Power has entered into a strategic alliance with Galileo Technologies. The agreement was signed on 2 July in Sao Paulo and will leverage Golar Power’s natural gas distribution project, without pipelines, in the interior of Brazil. The project will also tap into new biomethane sources. Galileo will support the venture by providing its Gas 3.0™ Solutions suite: gas conditioning, distributed LNG production, LNG filling stations, and regasification plants. With this initiative, Golar Power intends to increase the share of local LNG in its supply and accelerate energy transition towards a cleaner energy chain with a lower carbon footprint in Brazil: switching from diesel fuel, liquefied petroleum gas (LPG), or heavy fuel oil (HFO) to natural gas.

Jul 03, 2020 - BNamericas

Some of the changes being studied by Brazil’s energy ministry to enhance the attractiveness of the second attempt to auction off the transfer-of-rights for the Sépia and Atapu blocks in the Santos basin next year include establishing in advance the compensation to be paid to state-run oil company Petrobras for investments made in the areas and sharing geological data with potential bidders. Energy minister Bento Albuquerque said Thursday the ministry will start holding meetings with firms interested in participating in the new auction after October to discuss information regarding the blocks and other improvements. The areas are part of the transfer-of-rights surplus volumes and were first put out to auction last November but did not garner interest from investors.

Jul 03, 2020 - Reuters

Brazilian state-run power firm Eletrobras could raise more than 14 billion reais (US$ 2.64 billion) with a share offering planned by the government that would reduce its stake in the company to 49%, Chief Executive Wilson Ferreira Jr. said on Thursday. Brazil's government currently owns 63% of Eletrobras, including indirect stakes held by Brazilian development bank BNDES and its equity arm BNDESPar. But President Jair Bolsonaro's administration plans to privatize Eletrobras through a primary share offering, which would reduce state ownership and take the company's control from the government.

Jul 03, 2020 - Bloomberg

For investors in Brazilian stocks, making even in 2020 may be a long shot. With the Ibovespa index ending the first half down 18%, strategists see limited room for gains in coming months. On average, they predict the benchmark will finish the year at 100,000, a Bloomberg survey showed. While that represents a 5% advance from where it stood at the end of June, it’d be the smallest gain for any July-December period in five years. Moreover, it means the market would be still stuck with a loss for the year. The rally that started in March and lifted the Ibovespa 50% is expected to lose some steam. While the central bank has cut interest rates to record lows and locals continued to flock to equities in search of better returns, foreigners remain wary.