View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 20, 2019

Atlas Renewable Energy secures funds for solar plants in Brazil

Atlas Renewable Energy has completed the long-term financing of $152m for its three solar energy plants in Brazil.

Atlas Renewable Energy has completed the long-term financing of $152m for its three solar energy plants in Brazil.

Free Whitepaper
img

What's the outlook for low carbon hydrogen?

The development of the hydrogen economy will support the fulfilment of decarbonization objectives, particularly for those sectors that are difficult to electrify, such as heavy industry, long-distance trucking, shipping, and aviation. GlobalData's Hydrogen Service tracks investment in the hydrogen sector, and provides you with:
  • A complete dataset of the low-carbon hydrogen projects across the globe.
  • Latest news across the hydrogen value chain.
  • Quarterly market analysis, with details of new projects, company activity and financial deals.
For more information, and to download sample pages from our quarterly market analysis, including a summary of the active and upcoming low-carbon hydrogen capacity by region, please enter your details.
by GlobalData
Enter your details here to receive your free Whitepaper.

The funding was obtained through the Brazilian regional development bank Banco do Nordeste (BNB) and was backed by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco.

Atlas Renewable Energy CEO Carlos Barrera said: “Brazil is Latin America’s largest renewable energy market, and these three projects allow us to consolidate a strong presence in this market.

“We are pleased to have partnered with these strong, high-calibre financial institutions enabled in part by our team’s solid track-record and expertise in development and execution.

“Brazil is Latin America’s largest renewable energy market, and these three projects allow us to consolidate a strong presence in this market.”

“As a renewable energy company, we’re just scratching the surface of how powerful Latin America’s renewable energy sector can be when you combine it with high-quality PPAs, financing innovation, and top-tier projects.”

The three solar plants will have an installed capacity of more than 300MW, generating 672.8GWh of energy per year. The company anticipate that the projects will eliminate 108,000 tonnes of carbon emissions annually.

The three projects are located in the northeast area of Brazil, with two plants São Pedro and Juazeiro located in the state of Bahia, while the Sol Do Futuro plant located in the state of Ceará.

Each solar power plant has a 20-year power purchase agreement (PPA) with the Chamber of Electricity Sales.

Atlas Renewable Energy intends to add a further 1.5GW to its investment portfolio in Latin America over the next three years.

Related Companies

Free Whitepaper
img

What's the outlook for low carbon hydrogen?

The development of the hydrogen economy will support the fulfilment of decarbonization objectives, particularly for those sectors that are difficult to electrify, such as heavy industry, long-distance trucking, shipping, and aviation. GlobalData's Hydrogen Service tracks investment in the hydrogen sector, and provides you with:
  • A complete dataset of the low-carbon hydrogen projects across the globe.
  • Latest news across the hydrogen value chain.
  • Quarterly market analysis, with details of new projects, company activity and financial deals.
For more information, and to download sample pages from our quarterly market analysis, including a summary of the active and upcoming low-carbon hydrogen capacity by region, please enter your details.
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology