Market News
Novelis to build solar park to support low-carbon aluminum development in Europe
Novelis Inc., a Georgia-based industrial aluminum company, will start the construction of its first solar park at its production site in Pieve Emanuele, Italy, after receiving the final approval from local authorities.

The solar park will cover an area of more than 28,000 square meters, and its annual energy production is approximately 4,000 MWh, which will allow Novelis to switch most of its energy sources from carbon-intensive to renewable ones and also reduce its dependence on external energy sources.

With this project, Novelis will invest US$2.4 million to realize decarbonization at its Pieve plant, supporting the development of low-carbon aluminum solutions in the European market.