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Homes with solar panels in Brazil are up 2000%

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Brazil’s stake on solar power has been largely driven by rising electricity prices, and Brazilians are looking for new ways to save their wallet.

Brazil and solar energy

Savings expectations are forcing Brazilians to rely on solar energy

Savings from solar energy are driving up the consumption of solar panels, with rising electricity prices ultimately affecting the installation of new photovoltaic panels in homes by about 2,000%.

The number of solar homes in Brazil has grown exponentially

If only because Brazil is one of the countries with the greatest potential for solar energy production, which is why many Brazilians are betting on solar energy installations.

Values ​​presented by Paulo Cesar Dominguez, Secretary for Energy Planning and Development of the Ministry of Mines and Energy (MME).

In an interview with Brazil on the agenda (TV Brasil) noted that the country has one of the highest renewable energy matrices in the world: 48% are from renewable sources, while the world average is at 14%.

This number tends to increase when thinking only of electricity, where 85% of the Brazilian electricity matrix comes from renewable sources. While in the world this percentage corresponds to only 20% of the total. Of these 85% of renewable energy comes from hydroelectric dams, on which Brazil is highly dependent.

Solar Power Growth in Brazil

Installation of photovoltaic solar panels
Installation of photovoltaic solar panels

But the demand for solar energy in Brazil has led the country to reach 10 GW of installed capacity, which is equivalent to about 70% of the installed capacity in Itaipu (which corresponds to a bi-national hydropower plant on the Parana River, which is located on the border between Brazil and Paraguay. second largest in the world).

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This is an impressive figure, but not as big as the installation of solar panels in homes in Brazil, where centralized solar power has grown by 200% over the past 3 years, but in line with distributed solar power in Brazil (photovoltaic panels on rooftops). , an increase of 2000%!

Another renewable energy source that is growing in Brazil is the use of wind power, and more than 700 wind farms have already been installed across the country, representing 11% of the energy matrix.

The largest producer of wind power is Rio Grande do Norte, and in September it signed a new protocol with EV Brasil to install a new project focused on wind energy storage.

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Economy

ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 – ECO

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ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 - ECO





ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 – ECO































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Kazakhstan is preparing to supply oil to Azerbaijan instead of Russia – Oil

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Kazakhstan is preparing to supply oil to Azerbaijan instead of Russia - Oil

In the international oil market, a new adjustment of black gold routes may occur. Kazakhstan is preparing to export its oil via Azerbaijan’s largest oil pipeline to circumvent Russia’s threat to close the Black Sea port of Novorossiysk.

After a Russian court threatened to cut off an oil route through which Kazakhstan exports black gold to the world, Astana is preparing to ship its oil from Azerbaijan’s largest oil pipeline as early as September, sources close to the case say, citing Reuters.

For about two decades, Kazakh oil, which accounts for 1% of the world’s oil reserves, was transported through the CPC (Caspian Pipeline Consortium) pipeline, which was sent to the Russian port of Novorossiysk on the Black Sea, from where the oil was shipped. the rest of the world.

However, in July a Russian court threatened to shut down the CPC pipeline to Kazakhstan, prompting the Astana government and foreign companies operating in the country’s oil sector to reach out to other possible partners to ensure that if Russia ceases to act as a bridge between Kazakhstan’s oil and the world There may be other transportation options.

Thus, one of the sources assured Reuters that the Kazakh oil company Kazmunaigas (KMG) is negotiating with the Azerbaijani side to export 1.5 million tons of oil per year through the Azerbaijani pipeline, which transports raw materials to the port of Ceyhan. , Turkey. The contract is to be signed in August, and oil on this route is to start in September.

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However, these agreements may not be enough to ensure that the world receives the same number of barrels of oil from Kazakhstan as before Russia’s possible production cuts.

According to the British agency, this partnership will bring 30,000 barrels of oil per day to countries buying Kazakh oil, which is very small compared to the 1.4 million barrels per day currently transported by CPC.

In addition, two other sources report that Astana is in talks to have another 3.5 million tons of crude oil annually exported via another pipeline to the port of Supsa in the Black Sea region from Georgia starting next year. In a Reuters report, KMG representatives declined to comment on the issue.

Kazakhstan can make a difference in the uncertain future

By seeking to sign these agreements, Kazakhstan can not only ensure its own economic viability, but also ensure that the imbalance between supply and demand for oil on the international market does not worsen.

Oil consumption is expected to rise to 2.1 million barrels a day this year, up 300,000 barrels from the previous forecast, according to International Energy Agency data released this Thursday.

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Caixa Geral de Depósitos may close 23 branches this month – Executive Digest

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The union of workers of the CGD group companies, STEC, has published information received from the administration of Caixa Geral de Depósitos (CGD), announcing that the bank intends to further cut costs and close 23 more branches during August, with more frequency in the Lisbon and Porto areas .

The union warns that with this closure there will be an “inevitable congestion” of other branches in these areas, pointing out that even now they are having difficulty responding to services and recalling that from 2012 to 2022 they left CGD more than 3,300 workers and 300 branches were closed in Portugal.

STEC points to the government’s statement that it “cannot abdicate its responsibility for territorial integrity” and that “it is essential that the state defines the strategic direction that the bank must take, namely its responsibilities in terms of the public interest “. … and the needs of the population, guaranteeing them a service of proximity and quality.”

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