Edition:
India

Luciano Costa

Exclusive: Brazil energy trading firm 2W hires banks for $282 million IPO - sources

17 Jul 2020

SAO PAULO Brazilian energy trading firm 2W Energia has hired banks to manage an initial public offering which may reach up to 1.5 billion reais ($281.48 million), three sources with knowledge of the matter said on Thursday.

Brazil's aviation gasoline market disrupted amid quality concerns

13 Jul 2020

SAO PAULO Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused major fuel distributors BR Distribuidora and Raizen to suspend the sale of the product, according to filings on Monday.

UPDATE 2-Brazil's aviation gasoline market disrupted amid quality concerns

13 Jul 2020

SAO PAULO, July 13 Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused major fuel distributors BR Distribuidora and Raizen to suspend the sale of the product, according to filings on Monday.

Brazil's power distributors say $2.9 billion loan not enough to make up for COVID-19 losses

01 Jul 2020

SAO PAULO A 16 billion-real ($2.93 billion) loan designed by Brazilian government to support power distribution companies cope with the coronavirus crisis is not enough to compensate all losses triggered by the pandemic, an industry association said on Tuesday.

Credit Suisse, BNP may join Brazil's COVID-19 bailout of electric sector -sources

26 Jun 2020

SAO PAULO, June 25 Credit Suisse, BNP Paribas and Sumitomo Mitsui Banking Corp may join a bank syndicate that will provide 16.1 billion real ($3.01 billion) in loans to Brazilian power distributors hurt by the coronavirus pandemic, three people familiar with the matter told Reuters.

Shell looks to Brazil solar power sales from farms that are due online in 2023

10 Jun 2020

BRASILIA Royal Dutch Shell PLC is ready to start negotiating with potential clients the sale of future solar power on Brazil's free energy market from its first farms due to start operating in 2023, Shell's solar business development manager for Latin America said.

Brazil's Patria forms renewable energy firm with 800 MW of solar, wind projects, sources say

05 Jun 2020

SAO PAULO Brazilian private equity firm Patria Investimentos has formed a renewable energy venture after purchasing solar and wind projects with potential future capacity of roughly 800 megawatts, according to people familiar with the matter and regulatory documents.

UPDATE 2-Brazil's Patria forms renewable energy firm with 800 MW of solar, wind projects, sources say

05 Jun 2020

SAO PAULO, June 4 Brazilian private equity firm Patria Investimentos has formed a renewable energy venture after purchasing solar and wind projects with potential future capacity of roughly 800 megawatts, according to people familiar with the matter and regulatory documents.

Brazil's bailout for power distributors may reach up to $2.9 bln - regulator

26 May 2020

SAO PAULO, May 25 A Brazilian government bailout to power distributors may reach up to 15.5 billion reais ($2.9 billion), press representatives for Brazilian power regulator Aneel said on Monday.

Casa dos Ventos gets contract to finance $430 mln Brazilian wind farm

22 May 2020

SAO PAULO, May 21 Casa dos Ventos has signed a 10-year energy supply contract with technology company Tivit that will help finance completion of a 2.4 billion real ($430 million) wind farm in the northeast of Brazil.

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