Atlas Renewable Energy, and Votorantim Cimentos, a player in construction materials and sustainable solutions, have formalized a Power Purchase Agreement (PPA).
The agreement, signed for the next 15 years, stipulates the supply and purchase of 100 MW of solar energy, aimed at meeting the energy requirements of Votorantim Cimentos’ production units and distribution centers across the South, Southeast, and Midwest regions of Brazil.
The solar project is slated to contribute approximately one-third of Votorantim Cimentos’ overall energy consumption in Brazil, an amount equivalent to powering 424,000 homes. The energy will be generated from Atlas’ Luiz Carlos Solar Project in Paracatu, Minas Gerais, boasting an installed capacity of 787 MWp, of which a substantial two-thirds (470 MWp) will be specifically allocated for Votorantim Cimentos.
Votorantim Cimentos sees the PPA as a pivotal step in its decarbonization journey, aligning with its 2030 Sustainability Commitments. Alvaro Lorenz, Global Sustainability Director at Votorantim Cimentos, emphasized the company’s focus on efficiency and the incorporation of renewable energy across its operational regions.
The Luiz Carlos Solar Project is set to further Atlas’ investment in the Paracatu region, promoting environmental and social development.
Votorantim Cimentos is aiming to source 45 percent of its global energy consumption from renewable sources by 2030. With this solar project, 75 percent of the company’s energy consumption in Brazil will be derived from clean sources, adding to its existing portfolio that includes hydroelectric and wind power projects.