Brazilian Miner Vale officially completed the creation of a joint venture with the American investment company Global Infrastructure Partners (GIP) in the Brazilian power supplier of Aliança Geração de Energia, according to local media reports. This step marks the key milestone in ensuring the stable supply of renewable energy sources for its operations in Brazil, while strengthening its long-term stability strategy.
Vale received about $ 1 billion and has a 30 percent share in a joint venture, while GIP will maintain the remaining 70 percent. Make the Cerrado Solar Plant and the entire Candong consortium, as in Minas -Zerais, in addition to six other hydropower plants in the same state and three windmills in Rio Grand -Nort and Ceara. The completion of this transaction ensures the energy supply of Weil at competitive costs and maintains its commitment to the matrix of renewable energy in Brazil.
