Warren Buffett Has Started The Biggest Energy Revolution
Did you hear the news about a “breed” of stocks that made investors the richest in 2019? It’s not housing stocks, which enjoyed a record rally last year. It’s not even everyone’s beloved tech stocks like Netflix or Facebook. This may sound like a joke if you’ve followed this sector for long, but the hands-down […]
Government Wants Foreign Companies to Build Public Infrastructure Works
The Jair Bolsonaro administration wants to allow foreign companies to bid for infrastructure projects and become government suppliers without the need for a Brazilian subsidiary. It will likely introduce a new measure soon. The Ministry of Economy thinks the measure will ease the participation of international groups in infrastructure works – such as on highways, […]
Bolsonaro Favors Companies with Solar Energy Subsidy
Solar industry rules favor large companies such as banks, telephone companies, retail chains, and agribusiness companies. In the opinion of industry experts, the government has taken a populist stance in addressing the “not taxing the sun” speech. The debate was centered around eliminating a subsidy that raises the electricity bill of consumers in the country.
Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?
New U.S. Energy Information Administration (EIA) data predict solar and wind energy will dominate America’s new generation in 2020, making up 76% of new generation and adding 42 gigawatts (GW) of zero emission capacity, while coal and natural gas will dominate 2020 retirements with 85% of plant closures.
Without money to invest, states accelerate privatizations
Mato Grosso do Sul authorities will go to exchange B3 on December 5 with the expectation of witnessing a landmark in infrastructure: the auction of 219 kilometers of MS-306, first state highway to be handed over to the private sector, which will be upgraded to dual carriageway in some stretches and get additional lanes in others. The future […]
Government to save R$417.6bn in debt interest over four years
The government’s spending on interest on the federal public debt will fall by R$417.6 billion during the four years of the Jair Bolsonaro administration thanks to the falling Selic policy rate, according to an Economy Ministry estimate. That is almost half of the ten-year savings to be achieved with the pension reform, which Congress passed last […]
Global electricity production from coal is on track to fall by around 3% in 2019, the largest drop on record
This would amount to a reduction of around 300 terawatt hours (TWh), more than the combined total output from coal in Germany, Spain and the UK last year. The analysis is based on monthly electricity sector data from around the world for the first seven to 10 months of the year, depending on data availability […]
Sugar King Makes Brazil Infrastructure the New Hot Commodity
The man in charge of Brazilian sugar giant Cosan Ltd. has little interest in talking about the sweetener. These days, he’s all about railways. The business that gave life to Cosan — the world’s biggest sugar-cane operation — has been stuck in the doldrums following years of depressed global prices and government policies that curbed […]
Brazil’s Vila Energia sells wind complex to France’s Total -executive
The French company has plans to grow in clean energy generation globally. It had previously bought three solar parks in Brazil, with a combined capacity to produce 140 megawatts.
Engie secures 70 per cent financing for purchase of Brazil pipeline
An Engie-led consortium presented the highest bid for Transportadora Associada de Gas SA, known as TAG, valuing the major Brazilian gas pipeline at $8.6 billion.