The IDB and Banco do Brasil signed a letter of intent for a US$250 million credit line to fund sustainable development in Brazil’s Amazon rainforest. Source: Reuters
Petrobras revealed plans to develop up to 23 GW of offshore wind energy in Brazil. The company filed for the licensing of ten areas off the coast for wind energy development. Source: Renewables Now
Engie Brasil Energia started construction on the 846 MW Serra do Assurua wind complex project in the State of Bahia. The complex will require a total of US$1.2 billion to develop. Source: Renewables Now
Brazil’s state-controlled oil company, Petrobras, purchased credits in the voluntary carbon market from a project aimed at preserving rainforest. Source: Bloomberg
The Brazilian state of Goias inaugurated a solar and hydropower generation plant. The project required a total investment of US$5.3 million. Source: Renewables Now
Brazil’s Ministry of Mines and Energy announced they will raise investments in the research and development of low-carbon hydrogen to around US$41.1 million per year in 2025. Source: Renewables Now
The Government of Rio Grande do Norte signed an MoU with local company, Maturati Participacoes SA, for a green hydrogen production project tied to a solar and wind hybrid complex that is set to be built in the state. Source: Renewables Now
EDF Renewables Brasil and the government of Ceara signed an MoU to promote the green hydrogen industry through studies and analysis of the construction of green hydrogen plants. Source: BNAmericas
