This is Brazil by the Numbers, a weekly digest of the most interesting figures tucked inside the latest news about Brazil. Random numbers that help explain what is going on in Brazil. This week: energy investments, income inequality, e-cigarettes, Brazil’s job market, and the “trial of the century.”
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BRL 11 billion in energy investments
On Friday, the Brazilian government held an auction to hire energy for new ventures, to be operational by 2025. The bidding process raised BRL 11 billion in investments—and BRL 44 million in contracts that will last for 20 to 30 years. The government hired 91 new providers amounting to 3 gigawatts (and 1,702 megawatts of physical guarantees)—in both cases, the results were better than expected. As we anticipated in our October 18 Daily Report, gas-based energy projects were the highlight of the auction. As Brazil moves to deregulate its gas market, the country is set to attract major investments. Additionally, wind- and solar-based energy projects were deterred by new rules created by the government, increasing risks for these types of companies—applying the same rules to wind power producers as other segments.
34 times higher
According to Brazil’s official statistics agency, the country’s top 1 percent earns a monthly salary...
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