ArcelorMittal and Atlas Renewable Energy complete construction of solar park in Minas Gerais
This press release was published in English using and automatic translation system
ArcelorMittal and Atlas Renewable Energy completed, 90 days ahead of schedule, the implementation of side B of the Luiz Carlos Solar Park, a photovoltaic energy facility in Paracatu, in the northwest of Minas Gerais. This is the steel producer’s first solar plant in Brazil, with an installed capacity of 315 MW peak and estimated generation of 74 MW average per year. As of December 2025, the Park will become wholly owned by ArcelorMittal Brasil.
The investments, on the order of 895 million reais, are aligned with ArcelorMittal’s renewable electric energy self-sufficiency objectives for its industrial units. “All the volume of energy generated by the plant will be destined for our operations. This is another important move that will diversify our energy mix, reduce operating costs, and contribute to increased competitiveness,” explains Everton Negresiolo, CEO ArcelorMittal Aços Longos LATAM.
The project also includes the installation of a 65 km transmission line, with a voltage level of 500 kV, connecting to the National Interconnected System (SIN), in addition to a step-up substation and a connection point at the Paracatu 4 substation.
BOT – The contract signed between ArcelorMittal and Atlas is of the BOT (Build, Operate and Transfer) model, in which a joint venture is formed during construction and, after the start of commercial operation, all the capital will be acquired by ArcelorMittal.
“The partnership with ArcelorMittal highlights Atlas ability to deeply understand the customer needs and design customized solutions that meet them, ensuring on-time delivery. The trust placed in us comes precisely from our track record of excellence in execution. In addition, we are proud to see the alignment of our values and the shared environmental commitment between the two companies. I also emphasize that it is essential for the government and the industry to be able to work effectively to resolve the cuts (in supply), ensuring that investments in successful projects and partnerships like these can continue in Brazil.” says Fábio Bortoluzo, president of Atlas in Brazil.
Technology — 516 thousand bifacial solar modules were installed, in addition to advanced tracker technology (equipment responsible for following the movement of the sun, optimizing energy generation). Luiz Carlos is also the first Atlas solar park to fully adopt Trunk Cable technology – a pre-assembled cabling system that replaces the manual installation of individual cables. This solution speeds up assembly, increases connection reliability, enhances safety, and ensures more organized and efficient cabling.
Renewable energy and energy efficiency — The Luiz Carlos Solar Park is part of ArcelorMittal’s 5.8 billion reais investment plan in renewable energy, which also includes a hybrid park – wind and solar – in Bahia, reinforcing self-production and decarbonization efforts.
The company’s goal in Brazil is to reach 100% renewable sources in electric power by 2030. The company closed the year 2024 with 61% self-generation of energy and the purchase of 39% of electric power from suppliers with a clean and renewable generation matrix.
The company has also been increasing energy efficiency at its units in Brazil. The industrial plants have heat recovery systems and/or reuse of gases from the production processes. The Tubarão (Serra-ES) and Pecém (CE) plants are self-sufficient in electric power, helping to reduce demand on the national electric system.