We signed a contract for the acquisition of clean energy for a solar park in Brazil

Through this initiative, in partnership with Atlas Renewable Energy, we aim to achieve 75% renewable energy consumption in the country 

We are proud to announce the signing of a PPA – Power Purchase Agreement for the supply of 100 average MW of solar energy for 15 years. The acquisition contract was made in partnership with Atlas Renewable Energy, an international leader in providing renewable energy solutions for corporations. 

The project aims to contribute to the supply of our production units located in the South, Southeast and Center-West regions of Brazil. 

The new solar park will account for approximately one-third of our energy consumption, equivalent to powering 424 thousand home. Through the self-production PPA through matching, we advanced in our decarbonization strategy, which has the use of renewable energy as one of our strategic pillars. 

The new energy generation will come from the Luiz Carlos Solar Project, located in the municipality of Paracatu (MG), which will have an installed capacity of 787 MWp, of which almost two thirds (470 MWp) will be allocated to our units. 

The project is part of our investment portfolio to increase our structural competitiveness, ensuring sustainable growth. “This project is an important step in our decarbonization journey and is aligned with our 2030 Sustainability Commitments. In all the regions where we operate, our focus is to intensify efficiency and incorporate the use of renewable energy, increasing the volume of self-produced clean energy we consume and, consequently, our competitiveness, generating benefits for society and the planet”, says Álvaro Lorenz, our global director of Sustainability. 

Our goal is to have 45% of the energy consumed globally come from renewable sources by 2030. With this new project, 75% of the energy we consumed in Brazil will come from clean sources. 

Since our foundation, we has always been concerned with generating our own energy for the production of our plants. In the state of Bahia, we operates the concession for the 160-megawatt Pedra do Cavalo Hydroelectric Plant, as well as owning four Small Hydroelectric Plants (SHPs) in other locations and participating in the Machadinho Hydroelectric Plant (HPP) consortium in southern Brazil. 

In 2022, we also signed an agreement with Auren to build a wind farm in the northeast of Brazil, with a capacity of 220 megawatts, which went into operation in early 2023, adding 55 average MW of renewable energy to our portfolio. 

The finalization of the agreement still depends on the standard conditions for operations of this nature, including the approval of the Administrative Council for Economic Defense (CADE).