BNDES

Surging Lithium Market Growth Expected Through 2030 Due to Increasing Adoption of Cleaner Energy Sources

Retrieved on: 
Monday, March 4, 2024

Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.

Key Points: 
  • Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market.
  • The growing adoption of hybrid and electric vehicles, high-drain portable electronics, and energy storage systems have boosted the growth of the overall market.
  • The Paris Agreement aims to reduce greenhouse gas (GHG) emissions by at least 40% under its 2030 climate and energy framework.
  • Governments in several countries worldwide are implementing strict emission standards to reduce and control carbon emissions, thus augmenting market growth.

Eve Holding, Inc. Reports Fourth Quarter and FY2023 Results

Retrieved on: 
Friday, March 8, 2024

MELBOURNE, Fla., March 8, 2024 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2023 earnings results.

Key Points: 
  • MELBOURNE, Fla., March 8, 2024 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2023 earnings results.
  • Eve Air Mobility accomplished several milestones on our journey to shape the global Urban Air Mobility (UAM) ecosystem in 2023.
  • Our R&D costs are primarily driven by the MSA with Embraer that performs several developmental activities for Eve.
  • R&D associated with Eve's aircraft development and SG&A expenses were the main contributors to the higher cash consumption during the quarter.

SIGMA LITHIUM IS AWARDED BY BNDES A LETTER OF INTENTION FOR DEVELOPMENT BANK DEBT TO FUND CONSTRUCTION OF ITS ENVIRONMENTALLY FULLY LICENSED SECOND GREENTECH INDUSTRIAL LITHIUM PLANT

Retrieved on: 
Monday, February 12, 2024

SÃO PAULO, Feb. 12, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, is pleased to announce that it received a Letter of Intention for a project finance credit line ("Development Bank Credit Line") from the Development Bank of the Brazil (the "BNDES"). The Development Bank Credit Line will be used for the expansion of the Company's world class unique Quintuple Zero Green Lithium Grota do Cirilo project in Vale do Jequitinhonha in Brazil (the "Project").

Key Points: 
  • Sigma Lithium completed the certification process with BNDES, which included the filing of the final FEL3 Capex for Construction and Engineering of the Second Greentech Plant totaling R$ 492,4 million or approximately US$ 100 million
    The Letter of Intention by BNDES outlines its intention to extend the Company development bank debt financing ("Development Bank Debt") to fund the Second Greentech industrial lithium concentrate production plant ("Second Greentech Plant") at Vale do Jequitinhonha in Brazil.
  • The Second Greentech Plant will introduce additional innovations that will further increase the efficiency of its industrial process to beneficiate spodumene ore into Quintuple Zero Green Lithium.
  • Ana Cabral-Gardner, CEO and Co-Chairman said: "We are honored and delighted with the Letter of Intention received today from BNDES.
  • Having BNDES as a creditor represents the support of the government of Brazil to Sigma Lithium's industrial expansion plans at Vale do Jequitinhonha."

Leaders from Brazil, Argentina and USA discuss monetary, fiscal and economic policies at BTG Pactual's CEO Conference 2024

Retrieved on: 
Thursday, February 8, 2024

SÃO PAULO, Feb. 8, 2024 /PRNewswire/ -- Global concerns regarding inflation control, expectations for lower interest rates, changes in the job market, tensions between the USA and China, and a more optimistic outlook on the Brazilian economy—marked by efforts to control the fiscal deficit—were the main topics discussed at BTG Pactual's CEO Conference 2024.

Key Points: 
  • Top executives, portfolio managers, analysts, and international guests, including the Finance Minister of Argentina, Luis Caputo, and portfolio manager Bill Ackman, also participated.
  • We see a clearer scenario with lower inflation likely to persist, even with more dynamic economic activity," said BTG Pactual CEO Roberto Sallouti.
  • Throughout the event, attendees explored potential outcomes of tensions between the USA and China, as well as uncertainties arising from other global conflicts.
  • In total, 40,000 people followed the event online, with another 2,000 guests and representatives from 170 companies in attendance.

Leaders from Brazil, Argentina and USA discuss monetary, fiscal and economic policies at BTG Pactual's CEO Conference 2024

Retrieved on: 
Thursday, February 8, 2024

SÃO PAULO, Feb. 8, 2024 /PRNewswire/ -- Global concerns regarding inflation control, expectations for lower interest rates, changes in the job market, tensions between the USA and China, and a more optimistic outlook on the Brazilian economy—marked by efforts to control the fiscal deficit—were the main topics discussed at BTG Pactual's CEO Conference 2024.

Key Points: 
  • Top executives, portfolio managers, analysts, and international guests, including the Finance Minister of Argentina, Luis Caputo, and portfolio manager Bill Ackman, also participated.
  • We see a clearer scenario with lower inflation likely to persist, even with more dynamic economic activity," said BTG Pactual CEO Roberto Sallouti.
  • Throughout the event, attendees explored potential outcomes of tensions between the USA and China, as well as uncertainties arising from other global conflicts.
  • In total, 40,000 people followed the event online, with another 2,000 guests and representatives from 170 companies in attendance.

TrinaTracker Vanguard 1P accredited by BNDES with FINAME code

Retrieved on: 
Monday, January 29, 2024

There are a series of criteria that must be met, including the rate of nationalization of local manufacturing of the components and the local workforce to produce the components before the Factory and Product-Tracker enterprise receive the FINAME code.

Key Points: 
  • There are a series of criteria that must be met, including the rate of nationalization of local manufacturing of the components and the local workforce to produce the components before the Factory and Product-Tracker enterprise receive the FINAME code.
  • The Vanguard 1P series, TrinaTracker's flagship product, incorporates advanced AI technology, SuperTrack intelligent self-learning algorithms, to optimize panel angle and movement, and can be adapted to various light and terrain conditions.
  • Marcus Fabrino, head of TrinaTracker in Latin America and the Caribbean, said Vanguard 1P solar trackers, equipped with SuperTrack, can additionally increase power generation by up to 8%.
  • A localized supply chain is also a strong guarantee for customers, who play a fundamental role in an index highly considered in the FINAME evaluation.

TrinaTracker Vanguard 1P accredited by BNDES with FINAME code

Retrieved on: 
Monday, January 29, 2024

There are a series of criteria that must be met, including the rate of nationalization of local manufacturing of the components and the local workforce to produce the components before the Factory and Product-Tracker enterprise receive the FINAME code.

Key Points: 
  • There are a series of criteria that must be met, including the rate of nationalization of local manufacturing of the components and the local workforce to produce the components before the Factory and Product-Tracker enterprise receive the FINAME code.
  • The Vanguard 1P series, TrinaTracker's flagship product, incorporates advanced AI technology, SuperTrack intelligent self-learning algorithms, to optimize panel angle and movement, and can be adapted to various light and terrain conditions.
  • Marcus Fabrino, head of TrinaTracker in Latin America and the Caribbean, said Vanguard 1P solar trackers, equipped with SuperTrack, can additionally increase power generation by up to 8%.
  • A localized supply chain is also a strong guarantee for customers, who play a fundamental role in an index highly considered in the FINAME evaluation.

GameChange Solar Opens Solar Tracker Factory in Brazil

Retrieved on: 
Tuesday, January 23, 2024

NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.

Key Points: 
  • NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.
  • Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy.
  • "Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy," said Vikas Bansal, International President at GameChange Solar.
  • Ion Accosta, Operations Director & Head of Brazil at GameChange Solar, added "Having the factory and service center in addition to our business headquarters in São Paolo is such a great step for us in Brazil.

GameChange Solar Opens Solar Tracker Factory in Brazil

Retrieved on: 
Tuesday, January 23, 2024

NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.

Key Points: 
  • NORWALK, Conn., Jan. 23, 2024 /PRNewswire/ -- GameChange Solar (GCS), a leading global supplier of advanced, cost-effective solar tracking solutions for ground-mounted photovoltaic (PV) plants, announced the opening of a new factory, training, service, and technical support center exclusively for its Genius Tracker™ solar trackers in Feira de Santana, Bahia, Brazil.
  • "Opening our new factory in Brazil demonstrates GameChange Solar's commitment to the Brazilian solar economy," said Vikas Bansal, International President at GameChange Solar.
  • "As a global leader and supplier of solar tracker technology, we are thrilled to be operational, FINAME-compliant, and providing high-quality solar jobs in one of the fastest-growing solar markets in the world.
  • Ion Accosta, Operations Director & Head of Brazil at GameChange Solar, added "Having the factory and service center in addition to our business headquarters in São Paolo is such a great step for us in Brazil.

AGI Announces New Financing Support Structure For Brazilian Customers

Retrieved on: 
Thursday, January 4, 2024

Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) is pleased to announce the completion of a new financing partnership structure amongst AGI Brazil, the Brazilian Development Bank (“BNDES”), and Opea Capital (“Opea”) to help Brazilian customers access the credit required to finance the purchase of AGI’s grain handling and storage equipment.

Key Points: 
  • Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) is pleased to announce the completion of a new financing partnership structure amongst AGI Brazil, the Brazilian Development Bank (“BNDES”), and Opea Capital (“Opea”) to help Brazilian customers access the credit required to finance the purchase of AGI’s grain handling and storage equipment.
  • The parties have launched a credit rights investment fund (or “FIDC”) to fund grain storage equipment investments with favorable terms.
  • This is a commonly used financing structure leveraged by a variety of industries throughout Brazil.
  • “Brazil is a key market for AGI and a vital contributor to the supply of agricultural outputs globally,” commented Francisco Prado, VP Brazil for AGI.