Aiming to Walk Together Towards Sustainability, Shell Brazil and Gerdau Established Ideas for a Joint Venture to Invest in the Installation of a New Solar Power Plant in MG
Shell Brazil and Gerdau have formed a cooperation partnership to invest in a solar power plant in the municipality of Brasilândia de Minas, in Minas Gerais (MG). The partnership sets initial ideas for the creation and discussion of a new joint venture.
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New Solar Power Plant in MG Will Have a Capacity of 190 MW
The plant named Aquarii will have an installed capacity of 190 MW and will provide a portion of sustainable energy to the free energy market, through Shell’s energy trading company, and another portion to Gerdau’s steel production units, starting in 2024. The solar energy joint venture will have equal participation from both companies and is part of the companies’ decarbonization and energy transition strategy.
This is a voluntary step by Shell Brazil in offering more services and products derived from renewable energy, which is fully aligned with Gerdau’s pursuit of a cleaner energy matrix.
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Brazilian scientists are simultaneously advancing two research projects on clean hydrogen and driving solutions that could transform the energy matrix, enhance industrial competitiveness, and accelerate large-scale emission reduction targets.
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Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.
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Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.
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The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.
The investment in solar energy will also sell electricity to free consumers, contributing to the increase of the generating capacity in the state of MG and to the energy security of the region with more sustainable energy.
The First Solar Energy Project by Shell in Brazil
According to Guilherme Perdigão, Director of Renewables and Energy Solutions at Shell Brazil, this is the company’s first investment in photovoltaic solar energy in the country, a milestone that diversifies Shell’s operations in Brazil.
According to the executive, the presence of an ally like Gerdau on this path fills the company with pride and is a point of confidence in this purpose, in Shell and its ability as a creator of energy solutions for consumers.
Gerdau Executive Talks About the Partnership with Shell
The Vice President of Gerdau, Juliano Prado, adds that the joint venture to develop and operate the solar power plant in MG is part of a larger plan for investments in sustainable energies in the Americas.
The initiative strengthens the commitment to include ESG factors and the company’s long-term vision as essential pillars for the company’s decisions.
According to the executive, the partnership with Shell will ensure cutting-edge technology and experience in the solar energy sector, resulting in greater efficiency and an opportunity for self-production, reinforcing Gerdau’s commitment to a pollution-free future.

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