Mineirao Stadium in Brazil studded with PV rooftop Installations The Mineirao Stadium in Brazil has installed 1.4 MW rooftop solar power. This stadium is all set to host the Confederations Cup semifinal between Brazil and Uruguay on Wednesday. The project was inaugrated in may this year built by Martifer Solar of Portugal. The project also boasts of setting [...]
Brazil made a lot of headlines when it managed to auction a couple of gigawatts of wind energy capacity at very low prices to wind energy developers. Note Brazil does not have much renewable energy capacity apart from hydro power, despite huge potential for both wind and solar power. A number of wind turbine producers [...]
Solar Power in Brazil Solar Energy is now cheaper to generate than buying electricity from the utility for retail consumers, in Brazil. The sharp fall in solar panel prices last year has made the prices of solar electricity fall steeply leading to grid parity in a number of places globally. Brazil has: a) one of [...]
India has become the latest country to join in the bashing of Renminbi undervaluation saying it leads to a massive advantage for Chinese exporters.A research paper from India’s Central Bank says that its artificially boosts China giving it a competitive advantage over Indian exports.Note Brazil another one of the famed BRIC quartet has too been complaining about Chinese imports swamping its industry.Note Brazil has seen massive currency appreciation in recent years due to a combination of high interest rates and strong economic fundamentals.
Brazil,Peru,Colombia and now South Korea have all joined the “Buy Dollar and Sell Local Currency” Club.The Brazilian Real has appreciated by 34% in the last 2 years while similar stories lie behind Peru and Colombian interventions as well.With yields at near zero,Developed World Investors are pouring money into debt,equity and commodities fueling some of the Emerging Markets to all time highs.Some of the valuations like the Indian market are already stretched with local investors shunning the bubble markets.Countries with large Export Sectors like South Korea are particularly sensitive to currency appreciation and are joining in the chaos that the currency markets have become.The $4 Trillion Currency Markets are too big for a single country to take on as the Swiss found out losing Billions of Dollars in the process.The Currency Chaos is set to persist as the Financial System has become Unstable with Huge Debts,Moral Hazard and Central Bank Meddling.Gold has touched an all time high of $1300 with Silver following closely.With such volatility in Currencies,Business has become quite difficult with faith in currencies eroding at a fast pace.