Switzerland’s EcoSolifer planning solar-panel factory in Brazil

Vanessa Dezem – Bloomberg Business, 7/22/2015

EcoSolifer AG, a Swiss solar company, is planning a panel plant in Brazil as the country seeks to develop a domestic supply chain for photovoltaic components.

The company is evaluating locations now for a facility that will assemble imported cells into about 80 megawatts of panels a year, said Bruno Zacharias, head of the company’s operations in Brazil.

Brazil has less than 35 megawatts of solar capacity, an insignificant part of its power supply. It’s seeking to promote wider use and has introduced policies encouraging manufacturers to open factories. Zacharias said his plant will also start producing cells within five years, the most important component, something none of his competitors is doing.

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Brazil clears Shell’s $70 bln purchase of BG

Ron Bousso and Stephen Eisenhammer – Reuters, 7/08/2015

Brazil gave the green light to oil major Royal Dutch Shell to buy smaller rival BG, advancing the $70 billion merger — the largest of the past decade — closer to completion in early 2016.

Shell is set to become the largest foreign operator offshore Brazil after it buys BG, so the clearance from the country was a crucial step to complete the merger on time.

Brazil’s competition authority CADE said on Wednesday it had given preliminary approval to the transaction “without restrictions.” BG said that if no appeals were lodged or referrals made in the next 15 days, CADE’s clearance would become final. A spokesman for Shell confirmed the approval and the 15-day appeals period.

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In U.S.-Brazil statement on climate change, Rousseff misses opportunity for international leadership

Steve Schwartzman – EDF, 6/30/2015

Presidents Obama and Rousseff deserve credit for putting climate change at the top of their bilateral agenda today.

Public commitment to a strong Paris outcome from two major emitters that are already taking significant action on climate is more than welcome. Restoring 12 million hectares of degraded forest, as President Rousseff has pledged, is a positive contribution – albeit no more than Brazil’s current law mandates.

It is highly promising that the two major economies are creating a high-level working group to move the climate change agenda forward. Particularly interesting is the pledge to develop innovative public-private finance mechanisms both for clean energy and the forestry sector.

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Alstom wins €100 million wind energy transmission contract in Brazil

Smiti Mittal – Clean Technica, 7/06/2015

A consortium led by Alstom has won a major order to expand transmission capability of the power network in Brazil as the South American country gets ready for expansion of its renewable energy infrastructure.

Alstom has been awarded the €100 million contract by Eletrosul Centrais Electricas S/A to integrate wind energy projects in Brazil with the transmission network. The projects are located in Rio Grande do Sul State.

Alstom will provide two new substations and expand six existing substations. The project is expected not only to integrate the upcoming wind energy projects but also other renewable energy projects to be announced and implemented in the future. Alstom will supply its products, software, and automation technologies with equipment produced locally at Canoas and Itajuba sites in Brazil.

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SunEdison buys stake in Brazil’s Renova Energia for $250 million

Smiti Mittal – Clean Technica, 7/06/2015

SunEdison continues to expand its footprint into emerging renewable energy markets. The world’s largest renewable energy project developer has now acquired stake in a Brazilian renewable energy project developer.

SunEdison has announced that it will purchase 15.87% stake in Brazil’s second largest clean energy project developer Renova Energia for a sum of $250 million. SunEdison had signed a letter of intent to acquire stake in Renova in May but the deal has been executed now.

In May, Renova had sold some renewable energy assets to SunEdison’s yieldco TerraForm Global. The assets, that include hydro power and wind energy projects, have a cumulative installed capacity of 336.2 MW. SunEdison also enjoys the right to acquire a further 1,870 MW capacity from Renova.

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Brazil tries to rebuild relations with U.S. after NSA spying scandal

Jackie Northam – NPR, 6/30/2015

It’s rare that a world leader will cancel a planned state visit to the White House, but that’s what happened two years ago when Brazil’s President Dilma Rousseff found out that the U.S. had been spying on her and her top aides.

The Brazilian leader is now trying to let bygones be bygones, and is in Washington, D.C., to visit with President Obama.

Rousseff’s decision to cancel the state visit — with its formal dinners and high-profile meetings — threw a strong and robust bilateral relationship into disarray, says Eric Farnsworth of the Council of the Americas and Americas Society.

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Brazil’s Petrobras unveils details of debentures issue

Rogerio Jelmayer – The Wall Street Journal, 5/27/2015

Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, unveiled details of its debentures issue on the local debt market, which could total up to 4.05 billion reais ($1.28 billion).

The company will issue the debentures in five series, with different maturity dates of five-, seven- and 10 years. The company will sell a total of 3 billion reais in debentures and it can increase the offer by 1.05 billion reais to accommodate potential strong demand from investors.

The company said that the debentures of the first and second series will pay an annual yield of up to 2.15 percentage points over the interbank rate, called DI, which is 11.4% a year.

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