Subsea Expo

Access. Connect. Grow.

Brazil energy and marine news highlights from DIT

28 May 2021

The following has been compiled by the Department for International Trade (DIT):

Atlas Renewable Energy announced in the beginning of May that it obtained a £105 million loan from IDB Invest, a member of the IDB Group, and DNB Bank ASA (Norway's largest financial services group) to finance the construction of its Lar do Sol - Casablanca project, a 359MWp solar project to be developed in Brazil that will provide clean energy to Anglo American's operations in Minas Gerais. [BNAmericas]

Voltalia (France) announced the signing of a share purchase agreement for the sale of 100% of its 128 megawatt VSM2 and 59 megawatt VSM4 wind farms to the Brazilian utility Copel. The actual sale is scheduled for November 30, 2021, once the conditions precedent have been met. [BNAmericas]

The state of São Paulo produced 11,957 GWh of bioelectricity from sugarcane thermoelectric plants in the sugar energy sector in the 2020/2021 harvest. The amount represents 54.4% of the total generation for the National Interconnected System (SIN). According to data from the Sugarcane Industry Union (Unica), the state’s production last year showed an increase of 2.1% compared to the amount recorded in the 2019/2020 sugarcane harvest. However, São Paulo leads the ranking of bioelectricity generation for the grid. [Brasil Energy]

Brazil’s power regulator Aneel has approved the A-3 and A-4 energy auctions, scheduled to be held on June 25, and it also included a new lot in the power transmission auction to be carried out in December. Energy Research Office (EPE) has registered a total of 1,841 projects for the auctions, which represent combined generation potential of 66,862MW. Highlighting solar and wind projects that totaled 64.519MW of registered projects, 96% of the total. [BNAmericas]

Brazilian fund manager Perfin has created a new company focused on renewable energy generation, especially solar, with expected investment totaling £ 730 million by 2025, a company executive told Reuters. The new company Mercury Renew, which has an operational partnership with energy generator Servtec, is Perfin's latest venture into energy and highlights investor interest in Brazil's electricity sector and potential in renewables. The company aims to reach 2 gigawatts of generating capacity by 2025 [BNAmericas]

Norte Energia inaugurated a floating solar photovoltaic generation unit that will supply six indigenous villages located nearby on the Xingu River. Currently, the solar plant is in the testing phase and has been installed on the boat transposition system of the Belo Monte hydroelectric plant. In all, the solar unit contains 124 floating panels of 405 Wp each. In addition, it has an autonomous generation system that guarantees the supply of electricity for up to 48 hours without solar radiation. The plant will replace diesel power generators. [Brasil Energy]

A new investment will help boost financing for climate-friendly projects in Brazil, especially in the energy sector. International Finance Corporation (IFC), a member of the World Bank Group , is providing a loan of up to £84.7 million to Sicredi (cooperative financial institution in Brazil) to help diversify the country's energy matrix, promote sustainability, and support the nation's climate goals. IFC's green loan will strengthen Sicredi's climate finance program, with a focus on photovoltaic (PV) energy projects in Brazil. [BNAmericas]

AES Brasil opened a call for the third cycle of its startup acceleration program. The initiative aims, this time, to hire innovative and mature solutions from startups that help the company to prepare for its growth in number of customers and offers. The program will last a total of four months. [Energia Hoje - Portuguese Only]

Bill proposes more modern rules for vessel recycling: The recycling of vessels is the subject of bill 1584/2021, which proposes rules and procedures for the entire recycling chain of offshore installations removed from the sea for recycling on land, as well as for vessels of different classes. The proposed chapters involve the entire process and aim to contribute to the creation of a new market, with the potential to generate employment, income, taxes and a new service chain in Brazil. One of its motivation is that Brazil will have more modern legislation in the entire cycle of the shipbuilding industry, from the construction of vessels, maintenance and recycling, an activity that includes dismantling. The law project states that Brazil should be the third largest offshore decommissioning market in the next 10 years, according to data from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). [Portos & Navios - Portuguese Only]

Preparation of guidelines for the National Hydrogen Program is initiated by the MME: Ministry of Mines and Energy (MME) will start the study to elaborate the guidelines of the National Hydrogen Program. The study should be carried out within 60 days, together with the ministries of Science, Technology and Innovations (MCTI) and Regional Development (MDR), and technical support from the Energy Research Company (EPE). The guidelines must comprehend the potential of hydrogen, which combined with other solutions becomes a relevant energy vector for a low carbon matrix. Likewise, apprehend the interest in international cooperation for technological and market development for the production and energy use of hydrogen. [T&B Petroleum]