U.S.A.'s Atlas Renewable Energy Inks PPA for 902 MW Solar Project

• The contract paves the way for Atlas to provide solar-generated power to Albras for a period of 21 years. The solar energy will be offered from the 902 MW Vista Alegre Photovoltaic Project.

USA-based Atlas Renewable Energy, which offers clean power services to large power consumers in the Americas, has actually become part of a solar power purchase contract (PPA) with Albras, which is Brazil's biggest primary aluminium manufacturer.

The contract paves the way for Atlas to provide solar-generated power to Albras for a duration of 21 years. The solar power will be offered from the 902 MW Vista Alegre Photovoltaic Project. Operations will certainly commence in 2025 for the plant, which will certainly be developed in Minas Gerais in Southeastern Brazil.

Atlas Renewable Energy's Chief Executive Carlos Barrera mentioned, "This is an important step for Atlas as we continue our focus to partner with corporate customers to support their energy change to clean power." He further stated, "The closing of our 2nd contract with Albras vouches for our capability to provide a compelling tailored power solution to our customers. Moreover, it offers predictability to the energy administration of our customers wanting to achieve their sustainability objectives. The scale as well as term of this deal highlights Atlas' capability to address the requirements of big energy customers with reliability of execution, while promoting finest in class ESG programs in accordance with their values."

Atlas lately safeguarded a loan of $210 million from Brazil's Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to fund its Boa Sorte solar project which is of 438 MW in capacity.

Presently, the renewable energy portfolio of Atlas involves over 3000 MW of acquired projects.