Vale hits renewable energy target in Brazil early

Vale said that all the electricity used in its operations in Brazil in 2023 came from renewable sources, achieving its goal of 100% renewable electricity consumption two years ahead of schedule.

Having reached the target, Vale has zeroed its indirect CO2 emissions in Brazil, which correspond to Scope 2. The company still has the challenge of achieving 100% renewable energy consumption in its global operations by 2030. At the moment, this indicator stands at 88.5%.

“We are announcing an important milestone in Vale’s decarbonization strategy, which aims to reduce its Scope 1 and 2 CO2 emissions (direct and indirect) by 33% by 2030 and to become net-zero by 2050,” explained the Director of Energy and Decarbonization Ludmila Nascimento. 

“As we are progressing on our targets, we are helping to make Brazil’s energy matrix even cleaner, contributing to society’s fight against climate change.”

Vale said the start-up of the Sol do Cerrado solar complex in November 2022 was key to achieving the target early. Located in the state of Minas Gerais, Brazil, the complex is one of the largest solar energy parks in Latin America, with an installed capacity of 766 megawatts-peak. 

The miner is supplied by a renewable energy portfolio of 2.6 GW of installed capacity through 10 hydroelectric plants, three wind farms and Sol do Cerrado.

Source: Vale

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