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Renewable energy trade appears buoyant in Brazil
27/02/2012
Brazil's growth appears to be maintaining a focus on the environment, with several areas of the economy trading in renewable energy and sustainably sourced materials.
Among the latest big business deals in this area is the agreement between CPFL Energia and Bons Ventos Geradora de Energia. The former has settled to pay 1.06 billion reals for the latter, a wind-power company based in Brazil.
CPFL, one of the largest non-government electricity generation and distribution utilities, will take ownership of Bons Ventos' four windfarms, which have a licensed capacity of 157.5MW. They are located along the northeastern-coast of Brazil and come under the government's Proinfa alternative energy programme that provides subsides.
The Brazilian government is also offering support for businesses and investors in sustainable timber in the region. This is being organised through the Brazilian Development Bank, which is offering a new credit line to support projects focused on greenhouse gas reduction and climate change solutions.
Private, municipal and state investments that work towards the country's National Policy on Climate Change established in 2009 are eligible to apply for the fund.
Among the latest big business deals in this area is the agreement between CPFL Energia and Bons Ventos Geradora de Energia. The former has settled to pay 1.06 billion reals for the latter, a wind-power company based in Brazil.
CPFL, one of the largest non-government electricity generation and distribution utilities, will take ownership of Bons Ventos' four windfarms, which have a licensed capacity of 157.5MW. They are located along the northeastern-coast of Brazil and come under the government's Proinfa alternative energy programme that provides subsides.
The Brazilian government is also offering support for businesses and investors in sustainable timber in the region. This is being organised through the Brazilian Development Bank, which is offering a new credit line to support projects focused on greenhouse gas reduction and climate change solutions.
Private, municipal and state investments that work towards the country's National Policy on Climate Change established in 2009 are eligible to apply for the fund.
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