Vale to develop $500 mm photovoltaic plant

Vale will build a photovoltaic plant with 17 sub-parts, totalling an installed capacity of 766 MWp with investment of $500 million . The project will be carried out in the municipality of Jaíba, in the state of Minas Gerais, and will be called Sol do Cerrado. The investment is a strategic alternative that, in addition to helping achieve the sustainability and competitiveness goals, will provide a reduction of about $70 million per year in electricity costs.

Source: Portal Solar