Brazilian metals and mining company Vale SA (<a href="https://www.b3.com.br/en_us/market-data-and-indices/data-services/market-data/quotes/?tvwidgetsymbol=BMFBOVESPA%3AVALE3" target="_blank">BVMF:VALE3</a>) has agreed to sell 70% of its unit Alianca Geracao de Energia SA to BlackRock-owned Global Infrastructure Partners (GIP) and form a joint venture for the renewable energy business with a portfolio of 2,189 MW.