ArcelorMittal, a multinational steel manufacturing corporation, and Casa dos Ventos, a developer and producer of renewable energy projects, agreed to form a joint venture. Financial terms were not disclosed. “The recent acquisition of CSP immediately enhances our presence in the high-growth Brazilian market and provides us with exciting future options. As we expand our presence and add value to our Brazilian franchise we are conscious of the responsibility we have to decarbonise our operations. By collaborating with a respected energy transition operator in Casa dos Ventos, we can take advantage of the favourable Brazilian climate for renewable energy generation and make faster progress towards our climate targets. As well as making climate sense, this project makes financial and operational sense. It reduces electricity costs and provides energy security to our Brazilian business and will deliver consistent, attractive long-term returns,”Aditya Mittal, ArcelorMittal CEO.