【Ferro-alloys.com】: The Brazilian arm ofArcelorMittal, in association with Atlas Renewable Energy, concluded the set-up of the solar energy park LuizCarlos, located in Paracatu,state of Minas Gerais.

With investments totaling around $170 million, the project led to theconstruction of a plant that can reach a maximum output of 315 megawatts,while maintaining an average of 74 megawatts annually.

The project was concluded three months ahead of schedule and includes atransmission line 65 kilometers in length, with tension of 500 kV.

Everton Negresiolo,director at ArcelorMittal, stated that all generatedenergy will be allocated to the company's operations, helping diversify itsenergy sources, lower production costs, and enhance competitiveness.

Luiz Carlos is part of a $1.0 billion investment plan by ArcelorMittal inrenewable energy, including a solar/wind power plant in the state of Bahia, under its strategy to achieve 100 percent renewable energy consumption by 2030.

• [Editor:Alakay]