Industry News

ArcelorMittal Brazil to develop two solar energy projects

Views : 165
Update time : 2024-08-23 18:51:35
ArcelorMittal Brazil signed agreements to develop two solar energy projects totaling 465 MW, which will cover 14% of its current electricity needs. The first project is a joint venture with Casa dos Ventos, one of Brazil's leading renewable energy developers. This 200 MW solar plant will be built alongside a 554 MW wind project, with commissioning expected by late 2025. ArcelorMittal Brazil will hold a 55% stake in the solar project.

The second project, a partnership with Atlas Renewable Energy, involves a 265 MW solar plant in Minas Gerais. This venture will be equally shared initially but will result in ArcelorMittal owning 100% of the plant upon completion, also slated for late 2025.

Both projects are pending approval from Brazil's antitrust authority, CADE. These initiatives align with ArcelorMittal Brazil's goal to decarbonize its energy supply and achieve long-term self-sufficiency in electricity.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11