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"energy" Category
Brazil's Neoenergia commits to $1.7 bln takeover bid for Eletropaulo

SAO PAULO, April 17 (Reuters) - Brazil’s largest utility by number of customers, Neoenergia SA, has made an offer for a 26 percent stake in power distributor Eletropaulo Metropolitana SA and plans a full takeover bid worth up to $1.7 billion, both companies said in securities filings on Tuesday.

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Brazil's Cemig seeks acquisition from Renova Energias

Brazilian state-run electricity utility Companhia Energética de Minas Gerais presented a binding proposal to Renova Energia to acquire 100 pct of the renewable energies firm's stake in Chipley SP Participacoes, Renova Energia said on Wednesday.

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Brazil: Government Appoints Commission To Privatize Eletrobras

A special congressional committee has been formed to analyze federal bill PL 9463/18, which proposed the privatization of Brazil's state-owned energy company, Eletrobras.

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Brazil-U.S. venture to build second corn ethanol plant in Mato Grosso

FS Bioenergia, a joint venture between Brazilian and U.S.-based investors, said on Tuesday it will build its second corn-based ethanol plant in Brazil’s top grains-producing state of Mato Grosso.

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Utility Giant CEO Sees Clear Path to Privatization in Brazil

The chief executive officer of Brazil’s state-owned utility Eletrobras remains confident that a controversial plan to take the company private will succeed this year despite opposition from lawmakers and an upcoming presidential election.

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BRAZIL: Ethanol Demand Expected To Increase 60% In 2018, Says NexSteppe

The RenovaBio program - which aims at increasing biofuels consumption - and rising gasoline prices in Brazil should lead to a 60% growth in local ethanol demand, said Henrique Falqueiro, director of NexSteppe, which operates in the sector.

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Over $54bn will be spent on Brazil’s upstream capex to 2020

GlobalData expects that an average capex of $18.2bn per year will be spent on 382 oil and gas fields in Brazil between 2018 and 2020.

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World's Best Breezes Lead to Cheapest Wind Power in Brazil

In northeast Brazil, beyond the resorts and pristine beaches, lie some of the world’s best winds for generating electricity.

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Brazil hits 1 GW solar milestone

Brazil is the second Latin American country to cross the 1 GW mark of installed PV capacity after Chile.

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Auction generates savings of R$ 68.5 billion for energy consumers

The energy auction carried out by the Brazilian government on Wednesday 20 December had better results than expected, with a discount of 38.7%. For energy consumers, this means an economy of R$ 68.5 billion.

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