Brazilian government spent $3.5 mm to protect environment

From January to April this year, the government disbursed R$19.6 million ($3.5 mm) on actions aimed at forest protection, the Independent Fiscal Institution (IFI) reported. The amount set aside for the entire year is R$65.6 million ($12 mm). This is practically one fifth of what was disbursed last year: R$ 340.6 million ($62 mm).

Source: Valor Investe

Órigo Energia raises $19.2 mm from sustainable capital fund

Órigo Energia, which operates in the field of distributed generation with solar panels in Brazil, has raised R$106 million ($19.2 mm) from sustainable capital fund manager Blue like an Orange Sustainable Capital. The transaction, a mezzanine financing, aims to support Órigo’s long-term growth plan, whose main shareholders are TGP Art, from US private equity firm TGP, MOV Investimentos and Japan’s Mitsui.

Source: UOL Economia

Production of the mineral sector grows 15% in the first quarter

The commercialised production of the mineral sector in Brazil reached 227 million tons in the first quarter of this year, with an increase of 15% compared to the same period in 2020. From January to March 2021, the sector invoiced R$ 70 billion ($12.7 bn), which represents a 95% increase compared to the R$ 36 billion ($6.5 bn) obtained in the first quarter of last year.

Source: Agencia Brasil

Government will invest $70 mm to bring electric power to Marajó

The federal government will invest R$ 386 million ($70 mm) in a project to bring electric energy to isolated communities in three of the 16 municipalities that make up the Marajó archipelago, in Pará. The towns benefited at this stage are Curralinho, Melgaço and Portel. The first phase of the initiative intends to serve around 50,000 people and the measure is part of the action plan of the Embrace Marajó programme.

Source: Energia Hoje