Brazil’s Ceara state government signed an MoU with GoVerde Energia to collaborate on the production of solar energy and green ammonia at the port of Pecem. The project has an expected investment of US$597.6 million. Source: Renewables Now
Voltalia SA reached full operational capacity at the 260 MW SSM3-6 solar farm in Brazil’s Rio Grande do Norte state. The project had an initial capacity of 17 MW in July 2023. Source: Renewables Now
Brazilian chemical company Unipar Carbocloro SA and domestic renewables company AES Brasil Energia SA opened the 322-MW Tucano Wind Complex in the state of Bahia. The project required a total investment of US$291.8 million. Source: Renewables Now
Brazil’s Superintendency for the Development of the Northeast (Sudene) is set to loan US$24.5 million to support 116 MW of wind energy projects in Bahia state. Source: Renewables Now
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
