Shell took an important step towards the construction of its first solar plant in Brazil. The company signed a cooperation agreement with the steel producer Gerdau for the development of a 190 MW photovoltaic plant. Called Aquarii, the plant, which will be built in the municipality of Brasilândia de Minas (MG), will supply part of the energy for Gerdau's manufacturing units.
The remainder will be made available on the free market through the oil company's electricity trading company, starting in 2024. The joint venture, which will have equal participation by both companies, is part of the energy transition and decarbonization strategy of both.
Learn more: Shell announces strategy to accelerate renewable transition
“This is Shell’s first solar project in Brazil, a milestone that further diversifies our operations in the country and is completely aligned with the purpose of offering more electricity in a cleaner way,” said Guilherme Perdigão, director of Renewables and Solutions of Energy at Shell Brasil.
For Juliano Prado, vice-president of Gerdau and responsible for Gerdau Next, new business division, this joint venture for the development and operation of the Aquarii solar park is part of a robust investment plan in renewables in the Americas.
“The initiative strengthens the company’s long-term vision and commitment to the inclusion of ESG (Environmental, Social and Governance) factors as fundamental pillars for our strategic decisions”, he highlighted.
“The partnership with Shell guarantees expertise and cutting-edge technology in solar, which results in greater efficiency and an opportunity for self-production of renewable energy, reinforcing our commitment to an increasingly sustainable future”, concluded Prado.
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It is the natural path to follow, that of clean and renewable energy. Solar energy, although still the most expensive per installed kW, will have its cost reduced in proportion to the increase in its use, and should establish itself in the future perhaps as the main one in the future.