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Gerdau will significantly increase the use of renewable energy in its entire production chain in Brazil, Kallanish notes. The steelmaker has signed a binding agreement for the acquisition of a 33.3% share in electricity provider Newave Energia (NE). According to the deal, the steelmaker and its subsidiaries will purchase 30% of the energy generated by the power generation projects held directly or indirectly by NE in the self-production model, according to Gerdau.…
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