Federal environmental regulator Ibama this week issued an installation license (IL) for the production unit anchors of the Tartaruga Verde field in the Campos Basin. The platform that will be involved in production in the area is the FPSO…

From the Media

May 22, 2018 - Renewables Now

Brazil's state-owned energy research firm EPE said today that 1,157 MW of additional energy projects have been allowed to take part in the A-6 energy auction, to be held on August 31, 2018. This tender will contract wind, biomass and hydropower plants (HPPs), as well as thermal power plants that use natural gas and coal. Three natural gas-fired facilities (1,048 MW), two wind farms (84 MW) and five small and mini HPPs (26 MW) were added to the previously registered schemes.

May 22, 2018 - Steel Guru

Spain’s Iberdrola is planning to invest US$ 833.1 million in new electricity distribution and wind projects in the northern Brazilian state of Rio Grande do Norte over the next five years. Rio Grande do Norte Governor Robinson Faria said that one of the major reasons the state attracted renewable energy companies was its strong support given to investors during the environmental licensing process. Mr Ignacio Galan CEO said that the new investment stands to double Iberdrola’s current operating capacity in the state.The Bilbao-headquartered firm already has a total of 11 wind farms in the state, which is located in the far northeastern tip of Brazil bordering the Atlantic Ocean.

May 22, 2018 - The Economic Times

India and China are driving a rapid global expansion in large-scale, solar power developments as the cost of building new projects falls, according to an analysis by Institute for Energy Economics and Financial Analysis. “Solar energy is taking an increasingly prominent role in driving the ongoing transformation of global electricity generation markets alongside gains in storage, wind, hydroelectricity and energy efficiency,” IEEFA said in a report.

May 22, 2018 - Reuters

Brazilian power company Neoenergia SA has consent from its main shareholders to present new offers to acquire a controlling stake in Eletropaulo Metropolitana SA, its Chief Executive Mario Jose Ruiz-Tagle told Reuters on Monday. Neoenergia, controlled by Spain's Iberdrola, is in a bidding war against Italy's Enel SpA for control of Eletropaulo. Ruiz-Tagle said that Neoenergia's main shareholders, such as Banco do Brasil SA and pension fund Previ, reached a consensus about the strategic importance to acquire Eletropaulo, Brazil's largest power distribution company by revenue.