Joint venture between Gerdau and Shell Brazil brings solar energy to Minas Gerais state

According to Aneel, solar energy is the fastest-growing energy source in Brazil, with a jump of 70% in the last year, equivalent to 7.5 GW or half the capacity of the Itaipu hydroelectric plant.

RIO DE JANEIRO, BRAZIL - As far as Gerdau and Shell Brazil are concerned, Minas Gerais will have a solar energy joint venture. The companies announced the signing of a term of cooperation that establishes the premises for the joint discussion and constitution of a photovoltaic park in the municipality of Brasilândia de Minas, in the north of the state.

With an installed capacity of 190 MWdc, the Aquarii park will supply part of the clean energy to Gerdau's steel production units and another part to be sold in the free market through Shell's energy trader, starting in . . .

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