ArcelorMittal's Brazil announced an investment totaling $1.13 billion in wind and solar assets designed to produce one gigawatt of energy, increasing the company's self-generation capacity by 85 percent by 2030, the company said today.
"The completion of this investment represents an important milestone in the company's energy transition strategy," ArcelorMittal CEO said. Everton. Negrosiolo. “This meets the growing demand for sustainable operations and improves competitiveness and efficiency.” In addition, Negrosiolo stated that ArcelorMittal is currently the fourth largest consumer of electricity in Brazil.
The project includes the following power plants:
The Babilonia Center wind power complex, located in the municipalities of Varzea Nova and Morro do Chapeu, state of Bahia, a joint venture with Casa dos Ventos to produce 553.5 megawatts, an investment equivalent US$818 million, operations commenced September 2025.
The Babilonia Center solar complex located in Varzea Nova, also in a joint venture with Casa dos Ventos to produce 200 megawatts, investment equivalent to US$127 million, operations commenced March 2026.
ArcelorMittal Energia Solar Park Paracatú, located in the municipality of Paracatu, Minas Gerais, in partnership with Atlas Renewable Energy to produce 264 megawatts, an investment equivalent to US$174 million, operations began in October 2025.
