British mining company Anglo American has signed a power purchase agreement (PPA) with a leading renewable energy company in Latin America, Atlas Renewable Energy, to supply energy for its iron ore mining operations in Brazil under a 15-year contract, according to a press release by Atlas Renewable Energy.
Atlas Renewable Energy will start providing energy to Anglo American in 2022, via the Atlas Casablanca photovoltaic solar plant, located in the state of Minas Gerais. The mining company plans to use 100 percent renewable energy by that time.
Atlas will make a BRL 881 million ($190 million) investment in a solar farm in Minas Gerais state.