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Vale S.A. has agreed with Global Infrastructure Partners (GIP) to establish a joint venture in Aliança Geração de Energia S.A. Vale will receive approximately US$1 billion in cash and hold a 30% stake, while GIP will hold 70%. The transaction includes renewable energy assets totaling 2,189 MW capacity.
“Estamos entusiasmados em formar esta parceria estratégica com a GIP, permitindo-nos acelerar o plano de descarbonização da Vale de uma forma mais eficiente em termos de capital.”ri.aliancaenergia.com.br
Summarized from public sources; check the original articles before acting on it.