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Atlas Renewable Energy has acquired a 201-MWp solar project in Colombia, marking its entry into the country's solar market. The Shangri-La solar plant, located in Tolima, is expected to generate 403.7 GWh of clean energy annually once operational by the end of 2025. The output will be utilized by a Colombian company through a power purchase agreement.Ruben Borja, Country Manager of Atlas Renewable Energy in Colombia, highlighted the significance of the acquisition in the company's strategic expansion in the Colombian energy market. Atlas had previously secured an award in the national government reliability charge tender with the Shangri-La project, further solidifying its presence in the region. What is the significance of Atlas Renewable Energy's acquisition in Colombia's solar market? The acquisition of the 201-MWp Shangri-La solar project in Colombia marks Atlas Renewable Energy's entry into the country's solar market, showcasing the company's commitment to expanding its renewable energy portfolio in Latin America. Once operational by the end of 2025, the Shangri-La solar plant is expected to generate 403.7 GWh of clean energy annually, contributing significantly to Colombia's renewable energy goals and reducing carbon emissions in the region. The output from the Shangri-La solar project will be utilized by a Colombian company through a power purchase agreement, demonstrating the growing demand for renewable energy sources in the country's energy market. Ruben Borja, Country Manager of Atlas Renewable Energy in Colombia, emphasized the strategic importance of the acquisition in the company's expansion plans in the Colombian energy market, building on their success in securing an award in the national government reliability charge tender with the Shangri-La project.

Atlas Renewable Energy has acquired its first solar project in Colombia, the Shangri-La solar project in Tolima, which will generate 403.7 GWh per year. Once operational in 2025, it will be one of the largest solar plants in Colombia and the largest in Tolima, supplying clean energy to over 214 thousand Colombian families and avoiding 162 thousand tons of CO2 annually. Atlas has developed and built 5 GW of renewable energy assets, with 2.7 GW operational.Ruben Borja, Country Manager of Atlas Renewable Energy in Colombia, stated that the acquisition of the Shangri-La project is a significant step towards their 1 GW target in Colombia. The company aims to promote local employment, community opportunities, and social and environmental initiatives through the project, continuing their sustainability strategy in Latin America. Atlas is focused on M&A opportunities and in-house development to achieve their business objectives and contribute to a just and sustainable energy transition. What is Atlas Renewable Energy's target for solar projects in Colombia? Atlas Renewable Energy's target for solar projects in Colombia is 1 GW The Shangri-La solar project in Tolima will be one of the largest solar plants in Colombia The project will generate 403.7 GWh per year and supply clean energy to over 214 thousand Colombian families The project will avoid 162 thousand tons of CO2 annually Atlas Renewable Energy aims to promote local employment, community opportunities, and social and environmental initiatives through their projects in Colombia The company is focused on M&A opportunities and in-house development to achieve their business objectives and contribute to a just and sustainable energy transition.

Atlas Renewable Energy has actually been awarded IJGlobal's 2020 Latin America Sponsor of the Year Award for the company's contributions to accelerating the area's

Atlas Renewable Energy has signed a collaboration arrangement with Hitachi ABB Power Grids to collectively create as well as mount utility scale batteries for Atlas' sustainable projects, in the Americas. The arrangement will permit Hitachi ABB Power Grids to help with the advancement of technological solutions pertaining to battery storage systems and also their affiliation throughout the advancement of a brand-new project. Hitachi ABB Power Grids will certainly be invited to join the tenders launched by Atlas Renewable Energy for the design bundle of the projects. The primary objective behind this arrangement is to make sure that these power storage space systems can be successfully incorporated into the layout of new projects during the early development stage as an add-on to the plant depending upon the needs it will certainly serve. Atlas innovation and also functional performance director Fabian Gonzalez said: "Through this collaboration, Atlas Renewable Energy assures that the most ideal storage system is picked and embraced into our eco-friendly projects. " Generally, choosing as well as installing the most appropriate BESS remedy is a complex and also highly technical procedure, however if it is formulated from the beginning with correct planning and also led by specialists in incorporated remedies, we will certainly be able to guarantee an extra flexible, trustworthy as well as effective battery execution for our projects fleet."

Atlas Renewable Energy has partnered with Sao Paulo-based V.tal, a telecom and data storage provider, to supply electricity from its 579-MWp Draco solar plant in Minas Gerais, Brazil. This project is expected to generate around 1,150 GWh of clean energy annually, with 710 GWh designated for V.tal's buildings across Brazil and additional power allocated to Tecto, V.tal's data centre division.Atlas also plans to sell the remaining energy output to other clients, including recently signed agreements with Primavera Saude and poultry producer Rivelli. CEO Carlos Barrera emphasized that this collaboration marks a significant step in expanding Atlas's presence in Latin America's data centre sector, aiming to bolster the region's digital infrastructure with clean energy solutions. How will Atlas Renewable Energy's partnership with V.tal impact Brazil's digital infrastructure? Sustainable Energy Source: By utilizing clean energy from the Draco solar plant, the partnership promotes a shift towards more sustainable energy consumption within Brazil’s digital infrastructure. This alignment with renewable energy can set a precedent for other companies in the tech and telecom sectors to also adopt green energy strategies. Cost-Effectiveness: The use of solar power could potentially reduce operational costs for V.tal and its data centers. Lower electricity costs may improve the overall profitability of these facilities, allowing for reinvestment in technologies and services that enhance Brazil's digital landscape. Infrastructure Resilience: Relying on a stable and renewable electricity source helps strengthen the resilience of V.tal's digital infrastructure. Clean energy systems like solar can provide a consistent power supply that can enhance the reliability of services offered by data centers, minimizing downtime, and supporting uninterrupted digital services for businesses. Environmental Benefits: This partnership aims to lower carbon emissions associated with traditional energy sources used by data centers. By focusing on renewable energy, the collaboration contributes positively to Brazil's environmental goals and demonstrates corporate responsibility in addressing climate change. Expansion of Renewable Energy Initiatives: Atlas Renewable Energy’s engagement with V.tal highlights the growing trend of collaboration between renewable energy firms and technology companies. It encourages similar partnerships across sectors, fostering broader adoption of clean energy solutions in various industries. Job Creation: The initiative may lead to job creation in both the solar energy and digital infrastructure sectors, contributing to local economies and supporting skilled labor in emerging fields aligned with renewable energy and technology. Support for Data Centre Growth: With the increasing demand for data storage and processing power in Brazil, this partnership positions V.tal advantageously to expand its operations while promoting sustainability. Access to a dedicated clean energy source can facilitate the scaling of digital services to meet growing consumer and business demands. Technological Innovation: The collaboration may drive technological innovations aimed at better integrating renewable energy sources into data center operations. This could involve advancements in energy storage solutions, smart grid technologies, and energy management systems. Regulatory and Policy Influence: As major players in their fields, Atlas and V.tal can influence policies and regulatory frameworks regarding the integration of renewable energy within the digital infrastructure sector. Their partnership may encourage government support and incentives for sustainable practices in telecommunications. Showcasing Leadership in Sustainability: This partnership positions both firms as leaders in the sustainability movement within Latin America, showcasing their commitment to reducing environmental impact, which may influence public opinion and encourage other businesses to follow suit.

Atlas Renewable Energy with DNB Markets has actually revealed the issuance of a USD 253 million United States exclusive positioning (USPP) in Green Bond style. The notes were ranked financial investment quality (BBB-) by Fitch Rating (consisting of the building duration of among the projects) and also were provided by subsidiaries of Atlas Renewable Energy to re-finance Javiera and also construct Sol del Desierto, 2 solar PV plants situated in the north of Chile. The deal is the biggest solar PV eco-friendly USPP issuance in Latin America to day. Both solar PV generation possessions lie in the Atacama and also Antofagasta areas in the north of Chile, and also with each other they have actually a complete set up capability of 314 MWp. Both projects have actually been incorporated under a solitary funding profile-- an ingenious framework that offers the capitalists with essential architectural advantages as well as harmonies of cross-collateralized properties and also cross-guaranteed capital. A comparable initial plan was seen in Atlas Renewable Energy's refinancing of its 2 solar plants in Uruguay in 2018, structured by DNB Markets as well as for which the firm was granted the 2018 Structured Bond Deal of the Year. This time around, the purchase makes up 2 of the business's solar PV projects in north Chile: Javiera is a 70MWp completely functional property, which supplies tidy power under a Corporate PPA with Minera Los Pelambres (majority-owned by Antofagasta Minerals) given that 2015; and also Sol del Desierto, a 244 MWp greenfield project being established by Atlas Renewable Energy, presently unfinished. This plant is anticipated to begin offering tidy power to Engie Energia Chile S.A by 2022. Sol del Desierto will certainly utilize bifacial innovation, which accumulates sunshine not just on the front side yet likewise on the back side to increase generation. DNB Markets functioned as Sole Lead Placement Agent for the notes. The bond was provided under Atlas Renewable Energy's Green Finance Framework, which is straightened with 2018 variations of the ICMA Green Bond Principles and also the LMA Green Loan Principles. This structure confirms as well as identifies to the business's dedication to establishing projects that maintain the setting as well as shield while sticking to the highest possible requirements of ecological interaction. " We are really happy with this one-of-a-kind economic option, custom-made for these projects in order to improve financial investment worth" stated Carlos Barrera, CEO of Atlas Renewable Energy, that likewise included. "This purchase shows Atlas' more combination in the resources markets with repeat capitalists throughout numerous projects as well as territories." He proceeded: "It is an enjoyment to deal with and also have the self-confidence of superior financiers as we remain to activate resources to broaden tidy, renewable resource throughout Latin America."

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

Atlas Renewable Energy has signed a 15-year power purchase agreement with Chilean energy trader Emoac for a 200-MW standalone battery energy storage system (BESS) in Chile. The BESS del Desierto will have a storage capacity of 800 MWh and will inject around 280 GWh per year back into the grid. It will be located next to the Sol del Desierto solar farm but will operate independently to help address renewable energy curtailment issues in the grid.Emoac's general manager, Vannia Toro, stated that the agreement aims to address the inappropriate disposal of non-conventional renewables and represents a significant solution to existing challenges within the energy system. This partnership marks a crucial step towards energy transition in Chile. In November 2023, Emoac also closed a 15-year PPA with Spain's Grenergy Renovables SA for electricity stored in the battery of its Oasis de Atacama solar-plus-storage facility. How will the BESS del Desierto address renewable energy curtailment in Chile? The BESS del Desierto will help address renewable energy curtailment in Chile by storing excess energy generated by the Sol del Desierto solar farm during peak production times. By injecting around 280 GWh per year back into the grid, the BESS will help balance supply and demand, reducing the need to curtail renewable energy generation. The 800 MWh storage capacity of the BESS will allow for more flexibility in managing the intermittent nature of solar energy, ensuring a more stable and reliable energy supply. Emoac's partnership with Atlas Renewable Energy for the BESS del Desierto represents a significant step towards optimizing the integration of renewable energy sources into the grid and reducing waste in the energy system. The BESS will operate independently from the solar farm, providing additional support to the grid and helping to improve overall grid reliability and stability.

renewable player Atlas Renewable Energy has secured a loan of $210 million from Brazil's Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance

Atlas Renewable Energy has secured $289 million in bank loans to build a 200-MW/800-MWh battery storage project in Chile, one of the largest in the country and Latin America. The funding from French lenders BNP Paribas and Credit Agricole Corporate and Investment Bank includes a senior loan of $219 million and other credit lines totaling $70 million. The BESS del Desierto battery will store electricity during high solar irradiation periods and feed it back into the grid during peak demand, operating under a 15-year power purchase agreement with Chilean energy trader Emoac.The battery storage facility will be Atlas Renewable's first standalone energy storage project in Chile and will be located next to the 244-MWp Sol del Desierto solar farm commissioned in March 2022. The project aims to inject around 280 GWh per year back into the grid, supporting Chile's renewable energy goals. This investment highlights the growing importance of energy storage in enabling the integration of renewable energy sources into the grid and ensuring a stable and reliable power supply. How will Atlas Renewable Energy's battery storage project in Chile impact renewable energy goals? The 200-MW/800-MWh battery storage project in Chile will help to store excess electricity generated during high solar irradiation periods, allowing it to be fed back into the grid during peak demand times. The project will support Chile's renewable energy goals by injecting around 280 GWh per year back into the grid, helping to increase the share of renewable energy in the country's energy mix. The funding secured from French lenders BNP Paribas and Credit Agricole Corporate and Investment Bank will enable Atlas Renewable Energy to build one of the largest battery storage projects in Chile and Latin America. The BESS del Desierto battery storage facility will operate under a 15-year power purchase agreement with Chilean energy trader Emoac, ensuring a stable revenue stream for the project. This investment highlights the growing importance of energy storage in enabling the integration of renewable energy sources into the grid and ensuring a stable and reliable power supply in Chile.

Atlas Renewable Energy has secured a BRL-1.5-billion financing to fund a 787-MWp solar project in Brazil. The financing, coordinated by Itau BBA, includes incentivised debentures and commercial notes. The project, named Luiz Carlos, will be located in Paracatu, Minas Gerais state, and is expected to start commercial operations in 2025, providing power to over 870,000 Brazilian homes.Votorantim Cimentos, a Brazilian building materials and sustainable solutions company, will be one of the off-takers of the PV complex's output under a 15-year power purchase agreement. This project marks a significant step towards increasing renewable energy capacity in Brazil and reducing carbon emissions in the country. What financing was secured for Atlas Renewable Energy's 787-MWp solar project in Brazil? The BRL-1.5-billion financing for Atlas Renewable Energy's 787-MWp solar project in Brazil was coordinated by Itau BBA. The financing includes incentivised debentures and commercial notes to fund the project named Luiz Carlos in Paracatu, Minas Gerais state. The project is expected to start commercial operations in 2025 and will provide power to over 870,000 Brazilian homes. Votorantim Cimentos, a Brazilian building materials and sustainable solutions company, will be one of the off-takers of the PV complex's output under a 15-year power purchase agreement. This project is a significant step towards increasing renewable energy capacity in Brazil and reducing carbon emissions in the country.

CJR Renewables has been chosen by Atlas Renewable Energy to construct a 200-MW/800-MWh battery energy storage system in Chile's Antofagasta region, next to an

Atlas Renewable Energy has entered an agreement to supply 24 MW of solar power to Chlorum Solutions, a Brazilian chemical manufacturer. This partnership underscores Atlas Renewable's focus on expanding its renewable energy footprint in Latin America, aligning with global sustainability trends.The solar power supply will support Chlorum Solutions' operations, enhancing its energy efficiency and reducing its carbon footprint. This collaboration highlights the growing demand for renewable energy solutions in the industrial sector, as companies increasingly seek sustainable energy sources to meet environmental goals and regulatory requirements. How Will Atlas Renewable Energy's Solar Agreement Impact Chlorum Solutions' Sustainability Goals? Reduction in Carbon Emissions: The agreement will significantly lower Chlorum Solutions' carbon emissions, aligning with their sustainability goals to reduce environmental impact. Energy Cost Savings: By utilizing solar power, Chlorum Solutions can achieve long-term energy cost savings, which can be reinvested into further sustainability initiatives. Enhanced Energy Efficiency: The integration of solar energy will improve the overall energy efficiency of Chlorum Solutions' operations, contributing to more sustainable production processes. Regulatory Compliance: The shift to renewable energy helps Chlorum Solutions meet local and international environmental regulations, avoiding potential fines and enhancing their market reputation. Corporate Social Responsibility (CSR): This agreement strengthens Chlorum Solutions' CSR profile, showcasing their commitment to sustainable practices and potentially attracting eco-conscious investors and customers. Innovation and Leadership: By adopting solar energy, Chlorum Solutions positions itself as a leader in sustainability within the chemical manufacturing industry, setting a benchmark for peers. Risk Mitigation: Diversifying energy sources with solar power reduces dependency on fossil fuels, mitigating risks associated with energy price volatility and supply disruptions. Positive Brand Image: The partnership with Atlas Renewable Energy enhances Chlorum Solutions' brand image as an environmentally responsible company, which can improve customer loyalty and brand value.

Atlas Renewable Energy has actually secured a $76m funding from the Northeast Brazil Constitutional Funding Fund for the building of the 239MW Lar do Sol-- Casablanca 2 solar farm in the Brazilian state of Minas Gerais. The self-production plant will aid boost Unipar to create chlorine for the treatment of water for greater than 60 million individuals. Lar do Sol-- Casablanca 2 will occupy some 700 hectares as well as make up 460,000 solar panels. The plant's annual energy generation will certainly be equivalent to providing power to concerning 261,662 homes. Atlas Renewable Energy will be the lead capitalist and also operator, partnering with Unipar, which will certainly co-invest. The plant will hire some 1200 neighborhood workers during peak construction task.

Renewables firm Atlas Renewable Energy introduced last week that several of its photovoltaic or pv (PV) plants can currently provide renewable energy certifications (I-RECs) as well as regional renewable energy certificates (REC Brasil).