11 Mar Anglo American secures solar power deal for Brazilian iron ore mines
Anglo American has signed a 15-year contract worth US$190 million with Atlas Renewable Energy that will see the latter supply solar energy to the former’s iron ore mining operations in Brazil.
The Latin American renewable energy company will supply electricity to the mining giant’s operations through the Atlas Casablanca photovoltaic solar plant, located in the State of Minas Gerais.
The Atlas Casablanca solar plant has an installed capacity of 330MW with more than 800,000 modules, and is expected to supply about 9TWh during the life of the contract with Anglo commencing in 2022.
By 2022, Anglo aims to power its Brazilian operations entirely by renewable energy as part of the Anglo American Sustainable Mining Plan, which has among its goals to reduce its CO2 emissions by 30% by 2030.
“With this agreement and the contract for the construction of a wind power plant in Bahia signed in December, we will now be sourcing 90% of our energy from renewable sources, leading to a 40% reduction in CO2 emissions associated with our activities,” said Anglo’s Brazil CEO Wilfred Bruijn.
The agreement between Anglo and Atlas resembles the largest ever solar energy purchase and sale contract in Brazil.