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June 15, 2022

Atlas Renewable Energy acquires 378MW wind project in Brazil

The Juramento wind farm has the potential to generate 1,650GWh of clean energy a year.

US-based renewable energy company Atlas Renewable Energy has acquired Juramento, a 378MW wind project in Minas Gerais, Brazil, from French energy firm Voltalia.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The Juramento wind farm features 63 wind turbines and has the capacity to generate 1,650GWh of clean energy a year, which will meet the power needs of almost 800,000 families.

The facility also has the potential to offset nearly 123,750tpa of carbon emissions.

It is the first wind project acquired by Atlas Renewable Energy in Brazil.

The financial details of the deal have not been disclosed.

Atlas Renewable Energy Brazil general manager Luis Pita said: “With Juramento, we continue to expand and diversify our product offering across all the regions where we operate.

“This project is currently available for any large energy consumer looking for a power purchase agreement (PPA) to transition from conventional sources of energy to renewable.”

The deal structure will be reviewed and finalised through Brazil’s Administrative Council of Economic Defense (CADE) over the coming weeks.

Juramento is the second wind project acquired by Atlas Renewable Energy after the company signed a PPA agreement with Enel Energía Chile last month for the development of the 417MW Alpaca wind portfolio.

The company noted that there is currently no PPA in place for Juramento and that it is open to any off-takers seeking renewable power in Brazil.

In July 2020, Atlas Renewable Energy signed a large-scale solar PPA with material science company Dow in Brazil.

Located in the Brazilian state of Bahía, the Jacaranda photovoltaic (PV) solar plant will deliver clean energy to Dow for a period of 15 years.

It features more than 450,000 solar modules, which are expected to provide a peak capacity of 187MW and offset nearly 35,000tpa of carbon emissions.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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