Brazil

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

ABB’s digital solutions and engineering services will improve availability and reliability of power in the State of Paraná, with ABB winning a $US2.5 million contract to upgrade Copel’s Governador José Richa hydro power plant. ABB will provide excitation systems and speed regulation for four generator units at the 20-year-old Governador José Richa[i]  hydro power plant […]

Braskem, the largest petrochemical company in Latin America, recently entered into an agreement with Siemens to modernize a cogeneration power and steam plant at its Petrochemical Complex in Sao Paulo, Brazil. Completion of the project is expected in early 2021. Siemens will be responsible for implementation and the 15-year operation of an electric and steam […]

Siemens Gamesa Renewable Energy (SGRE) recently signed its third contract with Voltalia in Brazil to supply the wind project Ventos da Serra do Mel 2 (VSM 2). The scope of the contract with Voltalia, recognized international player in renewable energy with a presence in 18 countries, includes the supply of 36 units of the SG […]

Veolia Hungary Creates VPP Portfolio. Veolia Hungary in October acquired a 51% ownership share in CHP Eromu Kft., the first step in a process for Veolia to create a virtual power plant (VPP) portfolio. The

ABB has signed a contract worth about $20 million with Furnas – Centrais Elétricas S.A. to supply electrical systems that will enable existing alternating current (AC) lines to transmit higher levels of power to the densely populated Southeast of Brazil. The installation is located close to Brasilia, Brazil’s capital. The order was booked in the […]

Hydropower is Brazil’s major source of electricity. The country is moving toward more generation from solar and wind, and away from so-called “mega dams,” but what could be a final mammoth hydro project

New hydropower capacity installed worldwide plunged 36% in 2017 compared to 2016, but the sector remains optimistic about its future despite a transitioning role for hydropower away from baseload power and

The company will deliver a total of 471 MW to a wind complex comprising 15 developments Siemens Gamesa is the number-two turbine OEM in Brazil with a market share of 24% Siemens Gamesa has reinforced its position in Brazil having signed its largest ever contract* in this market. The company will supply a total of […]

BADEN, SWITZERLAND (April 16, 2018) — In a historic agreement, GE’s Power Services business (NYSE: GE) announced today that it will service power generation equipment in 11 power plants owned by Petrobras, Brazil’s majority state-owned oil company. Valued at more than $300 million, the deal represents GE’s largest transactional power generation services agreement in Latin […]