Energia
Atlas Renewable Energy Announces Fourth Plant In Brazil Reaches Commercial Operation, Generating 275 GWH Per Year
Sertão Solar Barreiras Complex was contracted through a 20-year energy purchase agreement (PPA) sponsored by the Brazilian government's auction in 2017 (New Energy Auction - 25º LEN). Now the plant's 349.253 modules are projected to generate 275 GWh annually, which could benefit 145.000 families per year and reduce the emissions of more than 34,000 tons of carbon dioxide, according to the company's calculations.
In just two years, Atlas Renewable Energy has established itself as the second largest player in the Brazilian solar energy industry, having successfully positioned itself among key stakeholders as a leading renewable energy generation company in Brazil with investments totaling R $1.7B to date, of which R $800M were financed by BNB.
Atlas Renewable Energy seeks to make contributions beyond the provision of clean energy to improve and elevate the educational standards in areas where it operates, through the development of educational programs in schools and communities. During the work at Sertão Solar Barreiras Complex, Atlas Renewable Energy partnered with the Secretary of Environment and Agriculture from Barreiras to create the Environment Week and Cerrado Week, a celebration of Brazil's vast tropical savanna ecoregion characterized by enormous ranges of plant and animal biodiversity. This included the creation of three gardens in the area's municipal schools to educate students in garden care and planting, as well as heritage education lectures for all 400 students.
Atlas Renewable Energy also believes in the importance of investing in training and developing programs that empower local communities to work during the construction of our projects as an opportunity to generate new sources of income. During the construction of Sertão Solar Barreiras plant, Atlas provided the first female workforce training program, social communication trainings and courses for locals to prepare food products from their unique ecosystem. These trainings represented more than 29,000 hours of training in Brazil's NR 12 Certification of industrial machinery and electrical trainings, emphasizing on the transfer of technology and local sources of income.
Carlos Barrera , CEO at Atlas Renewable Energy, stated that He recognized Banco de Nordeste de Brasil for their financial support and broader role in accelerating investment in renewable energy projects throughout the country's northeast region, as well as Bradesco, Banco ABC Brasil and BTG Pactual for supporting the Sertao project and other similar clean energy initiatives.
Luis Pita , Atlas Renewable Energy's General Manager for
Brazil , emphasized that, " He continued,
Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America . The current company portfolio is 1.5GW of contracted projects in development, construction, or operational stages, and aim is to grow an additional 1.5GW in the next years.
Launched in early 2017, Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy industry in Latin America . The company is recognized by its high standards in development, construction, and operation of large-scale projects.
Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than USD $600M of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.
Atlas Renewable Energy's growth is focused on the main emerging markets and economies of Latin America , using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.
To know more about Atlas Renewable Energy, visit: http://www.atlasrenewableenergy.com/
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