Vale starts up initial plants of 766-MWp solar complex in Brazil

Brazilian mining company Vale SA (BVMF:VALE3) announced on Thursday it has initiated power generation at a 766-MWp solar photovoltaic (PV) plant in the municipality of Jaiba, Minas Gerais state.

The Sol do Cerrado solar complex currently has four of its plants energised but once fully completed will comprise a total of 17 sub-parks made up of 1.4 million panels.

Vale targets full commissioning by July 2023, at which point the complex will generate enough clean electricity to meet 16% of the company's power demand in Brazil. This is equivalent to the consumption of a city of 800,000 inhabitants.

The miner is pursuing 100% renewable power consumption in Brazil by 2025 and 100% globally by 2030.

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