Vale reaches full installed capacity of Sol do Cerrado Project

Vale said that, on Tuesday, it reached the full installed capacity of the Sol do Cerrado Project, in Jaiba, in the state of Minas Gerais, Brazil. On this date, the company received authorisation from the National Electric Energy Agency (ANEEL) for the commercial operation of the last photovoltaic plant of the project, of a total of 17. The project is one of the largest solar energy parks in Latin America, with an installed capacity of 766 Megawatts-peak, equivalent to the consumption of a city of 800,000 inhabitants. Operating at full capacity, the solar complex will supply 16% of all the energy consumed by Vale in Brazil. Sol do Cerrado, whose investments totalled around R$3bn (US$590m), is an important step in helping Vale achieve its climate goals of reducing net carbon emissions (scopes 1 and 2) by 33% by 2030 and zeroing them by 2050. The energy generated by the solar park will reduce Vale’s emissions by 134,000 tCO2e/year, which represents the emission of approximately 100,000 compact cars1. Vale also expects to reach 100% of renewable energy consumption in Brazil by 2025, and globally by 2030.