SAO PAULO : Siemens Energy has signed a $200 million deal with Brazil’s Eletrobras to modernize a key electricity transmission line that runs from the gigantic Itaipu hydroelectric plant, a Siemens executive told Reuters. The project, worth some 1 billion reais ($199.87 million) and expected to be completed by 2026, will upgrade over 800 kilometers […]
Brazil’s ride-hailing app 99 aims to double electric cars within a year – EQ Mag
SAO PAULO : Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a group of 11 companies […]
Brazil’s Amazon megaprojects threaten Lula’s green ambitions – EQ Mag
RIO DE JANEIRO : After his swearing-in ceremony on Jan. 1, Brazil’s Luiz Inácio Lula da Silva walked up the ramp to the presidential palace arm in arm with Indigenous leader Raoni Metuktire, instantly recognizable by his yellow headdress and wooden lip plate. But a major railway that would accelerate deforestation in Metuktire’s ancestral land […]
Brazil’s Q1/2023 Power Production Doubles Annually, Comprising 920 MW Solar PV, Says Aneel – EQ Mag
Brazil installed 2.74 GW new power generation capacity in Q1/2023, according to Aneel It comprises 1.48 GW wind and 920.2 MW solar energy, followed by other sources 28 projects with 708.4 MW capacity came online within March 2023 including 340.3 MW PV capacity A total of 23 new solar PV projects with 920.2 MW combined […]
Brazil’s Cemig to tender 41 MW of small hydro plants – EQ Mag
Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig, announced recently it will hold a new tender on August 10, 2023, to sell 41.2 MW of small hydropower plants (HPPs). The company will auction a total of 15 small HPPs under a single lot with the minimum bid for the batch […]
With financial backing, Casa dos Ventos targets solar and green hydrogen – EQ Mag
While it expands its wind generation capacity, Brazil’s Casa dos Ventos is working to diversify its portfolio, with solar and green hydrogen projects in sight. An important driver of the company’s growth will be a joint venture with French multinational TotalEnergies. In addition to an investment of 3bn reais (US$570mn), the partnership with the company […]
The green hidden gem – Brazil’s opportunity to become a sustainability powerhouse – EQ Mag Pro
Brazil could potentially become a key player in the global economy’s decarbonization process while driving sustainable inclusive growth. The impact of global warming is becoming apparent across the globe, and the conflict in Ukraine has added a new layer to this emergency – global energy security. Despite this urgency, humankind’s ability to reduce greenhouse gas […]
Brazil’s Intelbras buys local solar PV equipment maker Renovigi – EQ Mag Pro
Brazil’s Intelbras SA (BVMF:INTB3), a company focused on solutions in security, networks, communication and energy, has concluded the acquisition of a 100% equity stake in local photovoltaic (PV) equipment manufacturer Renovigi Energia Solar SA. The closing of the transaction was made public on Friday by Intelbras after the firm received approval from its shareholders and […]