THE ArcelorMittal and the Renewable Energy Atlas completed the construction of the Luiz Carlos solar park, located in Paracatu (MG), with an installed capacity of 315 megawatts-peak (MWp). According to the companies, in a press release, the work was completed 90 days ahead of schedule.
Investments for the construction of the solar park amounted to 895 million reais and included the implementation of a 65-kilometer long transmission line, with a voltage of 500 kilovolts (kV).
The agreement signed between ArcelorMittal and Atlas is known as “Build, Operate and Transfer” (BOT), a model where the contracted company builds, operates and, after a certain period, transfers the asset to the contractor.
In this case, a joint venture was created between ArcelorMittal and Atlas. With the start of commercial operation of the solar park this month, the park becomes the full property of the steel company.
The solar park has 516,000 solar modules equipped with “trackers”, mechanisms that follow the movement of the sun, by rotating the panels, to optimize energy production.
The project is part of the 5.8 billion reais investment plan in renewable energy aimed at decarbonizing ArcelorMittal’s operations. The company’s goal is to meet 100% of electricity demand through renewable sources by 2030.
The company closed the year 2024 with the self-production of 61% of the energy and the purchase of 39% of the electricity from suppliers with a clean and renewable production matrix.
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