Billion-Dollar Investment in Solar Energy in Minas Gerais: Gerdau and Newave Form Partnership

Written by Corporativo

Published on 11/10/2023 at 11:44

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Raising Sustainability: R$1.4 Billion Allocated to an Innovative Solar Plant in Arinos, Promising to Boost Steel Production with Clean Energy.

The world is constantly seeking more sustainable energy sources, and Brazil is no exception. In a recent announcement, Gerdau, an icon in the country’s steel production, and Newave Energia unveiled their ambitious plans regarding this growing demand. Both companies are heavily investing in renewable energy production, aiming for a greener and more sustainable future.

Clean Energy: An Achievable Goal

Located in the heart of Minas Gerais, in Arinos, the future Solar Park represents a total investment of approximately R＄1.4 billion. With a remarkable installed generation capacity of 420 MWp, the project also incorporates a power substation. The initiative promises to supply about 7% of Gerdau’s annual energy needs, based on 2022 data. The environmental impact? An impressive expected reduction of up to 22,000 tCO2 annually.

Sustainable Vision: Steel and Sun Together

The collaboration between Gerdau and Newave Energia highlights the former’s commitment to prioritizing sustainability. Juliano Prado, Gerdau’s global vice president and leader of Gerdau Next, emphasized the company’s desire to achieve ambitious carbon emission goals, aiming for a mark of 0.83 t of CO₂e per ton of steel by 2031. And with the Arinos Solar Park operating at full capacity, 30% of the renewable energy generated will be channeled to Gerdau’s steel production in Brazil.

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Gerdau: A Pioneer in Sustainability and Innovation

With a legacy of 122 years, Gerdau is not only Brazil’s leading steel producer but also a leader in sustainable practices. The company has a solid reputation in the market, operating in 9 countries and employing over 36,000 individuals. Additionally, Gerdau is recognized as the largest recycler in Latin America, converting 11 million tons of scrap into steel products every year.

The company not only has a sustainable approach to its production but also in its forestry operations. It is the largest producer of charcoal in the world, with over 250,000 hectares of forest base in Minas Gerais. With clear goals for 2031, Gerdau seeks to further reduce its carbon emissions, solidifying its commitment to the planet.

Investors looking to be part of this green journey can find Gerdau’s shares listed on the stock exchanges of São Paulo, New York, and Madrid.

Source: Artur Gonçalves Ribeiro.

Billion-Dollar Investment in Solar Energy in Minas Gerais: Gerdau and Newave Form Partnership

Raising Sustainability: R$1.4 Billion Allocated to an Innovative Solar Plant in Arinos, Promising to Boost Steel Production with Clean Energy.

Clean Energy: An Achievable Goal

Sustainable Vision: Steel and Sun Together

Gerdau: A Pioneer in Sustainability and Innovation

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Billion-Dollar Investment in Solar Energy in Minas Gerais: Gerdau and Newave Form Partnership

Raising Sustainability: R$1.4 Billion Allocated to an Innovative Solar Plant in Arinos, Promising to Boost Steel Production with Clean Energy.

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Sustainable Vision: Steel and Sun Together

Gerdau: A Pioneer in Sustainability and Innovation

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