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Monday, August 11th, 2014      Leave a Comment
SAO PAULO (Reuters) - Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system.






UKReuters via Reuters
2014-08-11 15:21:15
Monday, August 11th, 2014      Leave a Comment
The Brazilian sugar and ethanol unit of trader Bunge Ltd has requested approval from antitrust watchdog Cade to buy out Itochu Corp's 20 percent stake in two cane mills co-owned by both companies. According to a Bunge filing with Cade, the proposed acquisition comes as the Japanese company seeks to exit a joint venture in the sugar and ethanol mills Santa Juliana and Pedro Afonso that dates back
UKYahoo! News via Yahoo! News
2014-08-11 13:50:00
Monday, August 11th, 2014      Leave a Comment
Brazil's government caps the price of gasoline at the pump, which also holds down prices for ethanol, an alternative fuel. Bunge said in February it hired Morgan Stanley to advise on options for its sugar-milling business, which has been a drag on earnings.
USABloomberg via Google News
2014-08-11 10:33:52
Wednesday, August 6th, 2014      Leave a Comment
The increase sought by ethanol producers would help pull the sector from its crisis by increasing demand. The auto industry, however, has cautioned that a higher ethanol content in gasoline could cause problems to motor vehicles. (Reporting by Alonso Soto ...
UKReuters via Google News
2014-08-06 18:09:40
Wednesday, August 6th, 2014      Leave a Comment
ContourGlobal LLC, the New York-based power company with projects in 17 countries, agreed to buy a wind farm and stakes in three other wind facilities in Brazil from Casa dos Ventos Energias Renovaveis Ltda. for 180 million reais ($79 million).
UKYahoo! News via Yahoo! News
2014-08-06 14:59:49
Wednesday, August 6th, 2014      Leave a Comment
Local growers of sugar cane, the raw material used in Brazil to make ethanol, complain that Ms. Rousseff's policy of keeping gasoline prices under tight control is undermining the ethanol industry. Ethanol is only two-thirds as efficient as gasoline at fueling a ...
USAWall Street Journal via Google News
2014-08-06 13:51:29
Wednesday, August 6th, 2014      Leave a Comment
Rousseff, a leftist economist who is running for re-election in October, said her government and car makers are studying whether to raise ethanol in the gasoline mix to 27.5 percent from 25 percent. (Reporting by Alonso Soto and Anthony Boadle; Editing by ...
UKReuters via Google News
2014-08-06 13:16:59
Wednesday, August 6th, 2014      Leave a Comment
On the growth side we expect to complete the acquisition of the remaining two-thirds interest in the 417 megawatts Safe Harbor hydroelectric station in the coming weeks. In Brazil power prices remain elevated and volatile. While recent drought like conditions ...
USASeeking Alpha via Google News
2014-08-06 13:10:53
Monday, August 4th, 2014      Leave a Comment
According to the report, one prominent driver in the market is the advantage of using biodiesel over diesel, noting that the market is in need of a clean source of energy, and biodiesel is seen as an ideal alternative because it reduces greenhouse gas emissions and carbon footprints. A Brazil Eco Energia analyst, commenting on the
USAglycerinereport.com via Google News
2014-08-04 23:29:43
Monday, August 4th, 2014      Leave a Comment
The most profitable unit of Industrias Metalurgicas Pescarmona SA, the Argentine wind power company that delayed its June debt service for a week, was declared bankrupt by a judge in Brazil. Pernambuco state judge Rafael Jose de Menezes declared ...
USABloomberg via Google News
2014-08-04 18:43:16
Thursday, July 31st, 2014      Leave a Comment
Brazil currently gets less than 1 percent of its electricity from solar power and has almost no domestic photovoltaic production. Banco Nacional de Desenvolvimento Economico e Social, the development bank's formal name, used similar local-content rules to ...
USABusinessWeek via Google News
2014-07-31 12:15:46
Wednesday, July 30th, 2014      Leave a Comment
SÃO PAULO—Brazilian sugar and ethanol producer Sao Martinho SA will process less sugar cane than expected this year after a drought reduced the harvest, the company's president said. Sao Martinho expects to harvest and crush 19.6 million metric tons ...
USAWall Street Journal via Google News
2014-07-30 14:44:52
Monday, July 28th, 2014      Leave a Comment
Brazil’s Pernambuco state, which held the nation’s first solar-energy auction last year, said it is on the hook to buy the power after it was unable to find other bidders.
UKYahoo! News via Yahoo! News
2014-07-28 09:44:38
Tuesday, July 22nd, 2014      Leave a Comment
A plan by BNDES, Brazil's state development bank, and a pool of commercial banks to lend an additional 6.5 billion reais ($2.9 billion) in emergency credit should help electricity distributors cope with higher power costs amid a drought, the president of industry watchdog Aneel said on Tuesday. Reuters reported on Monday that BNDES, the main source of long-term corporate credit in Brazil, would
UKYahoo! News via Yahoo! News
2014-07-22 07:36:48
Tuesday, July 22nd, 2014      Leave a Comment
Low corn prices in Brazil following a bumper crop are worrying farmers but providing favorable margins for an incipient corn-ethanol industry, said the manager of Usimat, the first Brazilian mill to produce the corn-based biofuel. Usimat, located in a remote, ...
USAWisconsin Ag Connection via Google News
2014-07-22 06:37:08