European program Low Carbon Business Action in Brazil will be held in September, in São Paulo, a business round with conferences on financing and networking between financing entities and companies in order to enable more than 65 sustainable projects in several sectors of the Brazilian market. Business To Finance will occur on September 17 and 18 at Hotel Tivoli Mofarrej, in São Paulo.
The event is an important part of a cycle that began in 2017 when Low Carbon Brazil mapped out institutions and financial instruments available in Europe and Brazil to finance low carbon technologies. After a strict technical analysis of each of the projects supported by Low Carbon, which allowed the definition of its technical and financial viability, as well as its environmental impact, 30 European and Brazilian financial institutions were selected, including bank and investors.
Projects and financial institutions will finally meet for two days to negotiate sustainable financing lines and will be able to discuss the possibility of implementing the initiatives in Brazil. By means of the work of the projects supported, together with the Low Carbon Brazil's specialized team, each project has data that will allow national and international banks and funds to analyse the financial feedback in the medium and long term.
Over 200 pre-scheduled matchmaking meetings will be held between business partners of the projects and banks, end customers and other European and Brazilian financial institutions. European and Brazilian partners will also present the initiatives to the private equity, venture capital and other investors present. In addition, Business to Finance will present thematic talks during the two days about the financing possibilities in the specific sectors in which the project operates, such as energy efficiency, solar energy, waste and biogas management, biofuels, etc.
Low Carbon Brazil expects to receive about 150 people for the business and networking round. "The projects supported by the European Union are at a level of maturity that allows us to find mutual interests between Low Carbon Brazil's partners and the Brazilian financial institutions. The event will be an opportunity to meet again with the players involved to ensure the implementation of initiatives in Brazil", explains Mercedes Blázquez, leader of the Low Carbon Brazil project.
Follow our social network pages and the Low Carbon Brazil website for more information on the venue and date. www.lowcarbonbrazil.com.br
Shallow geothermal technology is a solution that uses underground thermal resources through underground heat exchangers as well as groundwater, rivers or seas. Used for various purposes, it allows the production of air conditioning and heat in homes, commercial establishments and industries, enabling energy savings, with zero water consumption.
The use of this type of technology has grown 8% per year worldwide, being present in more than 50 countries. In Brazil, the solution is still new and has the potential to meet the growing demand for air conditioning in buildings, as well as for cold and heat in industrial processes. Low Carbon Brazil supports initiatives for the use of technology in industrial plants and in new low-consumption buildings.
One of the decisions established by COP 21 for Brazil is to save 10% of energy by 2030, with the presence of 45% of renewable energy in national consumption, compared to the current amount of 18%. The high cost of electricity in the country, with a 10% per year inflation in recent years, imposes new solutions in the energy efficiency sector.
The consulting firm I Care & Consult sought Low Carbon Brazil to present its studies in partnership with researchers from Universidade de São Paulo (University of São Paulo) and the National Observatory. They are calculating the opportunity to develop surface geothermal technology in the South and Southeast regions of Brazil by means of a comprehensive study, the results of which will be published in November this year.
Attentive to this scenario, Low Carbon Brazil is supporting projects to create geothermal systems in aquifers to reduce water consumption in the cooling of industrial equipment in Brazil and for energy efficiency in buildings. The goal is to promote water and energy savings for Brazilian industries and buildings, by returning used water to the source.
One of the projects supported by Low Carbon Brazil is conducted by Aquale, a Belgian engineering consulting company specialized in geology, hydrogeology and exploitation of underground resources, in partnership with JBraz, a Brazilian engineering consulting company, and aims to implement an open cycle hydrothermal project known as ATES - Aquifer Thermal Energy Storage, in a Brazilian industrial sector company.
The technology uses a geothermal heat pump - GHP for heating and cooling, a solution that includes a process of using a greater volume of water and heat exchange to cool common areas of the industrial plant, with the reinjection of water used in the aquifer, avoiding waste. The project's perspective is to make the technology scalable for Brazilian industries, expanding the use of sustainable solutions.
The saving of water and energy promoted by the geothermal system in aquifers can be advantageous not only for industrial processes with high water and energy consumption, but also for new residential complexes and buildings with low energy consumption. Another project developed by Aquale and Brazilian construction company RPP also foresees the use of a hydrothermal system for heating and cooling of Greentec industrial condominium buildings in Rio Grande do Sul.
"The main benefits of using this type of technology are energy savings and environmental sustainability. By using thermal waters, we have a significant reduction in CO2 emissions into the atmosphere, as well as the use of fossil fuels", explains Marco Riboni, Aquale's project manager. "In Brazil this solution is practically non-existent, so there is great potential if we consider the hydrological characteristics of the country", he adds.