Brazil News

Power & Utilities

Brazil balancing power contracts signal thermal fleet investment shift toward gas-to-wire in Alagoas

Wärtsilä secured two orders from Origem Energia for 36 balancing engines to equip new Brazilian power plants. The deals follow Origem’s success in the 2026 LRCAP auction and will support grid reliability as renewable generation expands, with operations starting between 2028 and 2029.

2 weeks ago • Brazil

Investments & Funding

Neoenergia secures 30-year renewal for three Brazil distribution concessions with R$50 billion investment plan

Neoenergia has obtained early renewal of distribution concession contracts for Coelba (BA), Cosern (RN), and Elektro (SP/MS) from Brazil's Ministry of Mines and Energy. The 30-year extensions come with a R$50 billion investment plan for 2026-2030, an 82% increase over the previous cycle, covering infrastructure expansion, network modernisation, and loss reduction.

3 weeks ago • Brazil

Oil & Gas

DOF Group secures $2 billion Petrobras contract for four newbuild RSVs in Brazil

DOF Group has been awarded 12-year charter and services contracts for four newbuild ROV Support Vessels to support Petrobras' deepwater subsea IMR activities in Brazil. The contracts, valued at approximately $2.0 billion, involve construction at Navship yard in Brazil with expected commencement from 2030.

4 weeks ago • Brazil

Oil & Gas

Petrobras awards Subsea7 supermajor contract for Sépia 2 pre-salt development

Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field development in Brazil's Santos Basin. The scope covers SURF services for 17 wells and a gas export line, with offshore operations set to begin in 2029.

2 months ago • Brazil

Renewable Energy

Qair signs PPA with Ultragaz for 192 MW Bom Jardim solar project in Ceará

Qair has signed a power purchase agreement with Ultragaz for the 192 MW Bom Jardim solar project in Icó, Ceará. The fully commissioned facility will supply 131.5 GWh annually to Brazil's largest LPG distributor, demonstrating flexible PPA structures in the country's evolving renewable energy market.

2 months ago • Brazil

Construction

World Bank approves $796 million loan for Bahia infrastructure and competitiveness push

The World Bank has approved a $796 million loan to support policy reforms in Brazil's Bahia state, targeting transport infrastructure, digital public services, and clean energy value chains. The operation aims to close infrastructure gaps and boost job creation through integrated road contracting, EV charging frameworks, and rural renewable energy expansion.

2 months ago • Brazil

Agriculture & Farming

Standard Chartered structures social resilience-linked loan for COFCO International with supply chain KPIs

COFCO International has secured a USD 435 million sustainability-linked loan from Standard Chartered with margin adjustments tied to responsible sourcing volumes and supplier due diligence improvements. The facility shifts sustainability-linked financing focus toward social resilience and supply chain compliance in agricultural origination markets.

2 months ago • South America;Brazil

Ports & Shipping

OceanPact moves to integrate CBO operations in strategic maritime services consolidation

OceanPact and CBO have agreed to combine their businesses through a corporate restructuring that will integrate CBO’s holding company into OceanPact, subject to regulatory and shareholder approvals. The merged entity is expected to operate a fleet of 73 vessels with annual revenue exceeding USD 778 million and a backlog of USD 2.7 billion.

3 months ago • Brazil

Renewable Energy

Equinor launches first hybrid solar-wind asset at Serra da Babilônia in Brazil

Equinor and its subsidiary Rio Energy have commenced commercial operations at the 140 MW Serra da Babilônia Solar facility in Brazil, co-located with a 223 MW wind farm. The hybrid complex enhances grid stability and operational efficiencies, marking Equinor’s first integrated solar-wind asset globally.

3 months ago • Brazil