It is estimated that the three projects will benefit around 470.000 families per year with clean and renewable energy and will avoid the emission of 108.000 tons of CO2 per year

Atlas Renewable Energy, a leader in clean energy in Latin America, announced the completion of long-term financing for three of its energy plants. solar energy in Brazil for a total of $152 million. The financing was obtained through Banco do Nordeste (BNB), backed by an equivalent amount of commercial bank guarantees from BTG Pactual, Banco ABC Brasil and Banco Bradesco. Together, the plants will have an installed capacity of more than 300 MWps, which allowed them to reach new standards of financial alliances and push the Brazilian energy sector to higher levels of solar capacity.

Each project has a 20-year power purchase agreement (PPA) with the Electric Energy Trading Chamber (CCEE). It is estimated that the combined energy produced of 672,8 GWh/year will provide clean energy for a total of 470.000 households per year. Atlas Renewable Energy estimates that the operation of the plants will avoid the emission of 108.000 tons of CO2 per year.

The plants are located in the northeast region, namely the São Pedro and Juazeiro plants, in the state of Bahia, and the Sol Do Futuro plant, in the state of Ceará. The São Pedro solar complex is the first operational operation of the Renewable Energy Atlas in Brazil, with an installed capacity of 67,1 MWp in two secondary plants. As part of the company's commitment to working with local communities and environmental guidelines during the construction, development and operation phases of its plants, the São Pedro project generated around 700 direct jobs and will avoid the emission of more than 61.000 tons of carbon dioxide . The Juazeiro and Sol do Futuro plants are currently in the start-up phase and will be fully operational in the coming months.

BNB’s business director, Antônio Rosendo Neto Júnior, points out that “A partnership with Atlas das Energias Renováveis ​​​​demonstrates the synergy of Banco do Nordeste with this sector of the economy. Investments are essential for the evolution of the energy matrix throughout the Brazilian Northeast, mainly from renewable sources”. and uncontaminated sources. We are fulfilling the Bank's mission, generating jobs and income in our region”.

Carlos Barrera, CEO of Atlas de Energia Renovável, explains: “Brazil is the largest renewable energy market in Latin America, and these three projects allow us to consolidate a strong presence in this market. We are pleased to partner with strong, high caliber financial institutions in part because of our team's solid track record and experience in development and execution. He adds, “As a renewable energy company, we are just scratching the surface of how powerful Latin America's renewable energy sector can be when you combine it with high-quality PPAs, innovation finance and high-profile projects.”

“By closing our US$170 million investment targets in Brazil, Atlas Energias Renováveis ​​​​adds to Brazil’s thriving renewable energy sector,” explains Brazil General Manager Luis Pita, “we believe the renewable energy market of Latin America must be innovative”. approach to solar technology that can provide data-driven decisions at scale and statistics aimed at increasing energy production beyond borders. Atlas Renewable Energy is becoming a leader in this arena. solar energy projects are in line with our company's commitment to investing in top of the line technologies, such as NEXTracker's TrueCapture Technology and the introduction of the first digital substation in Brazil, which, along with our work ethic, production quality and company culture, are part of the company's strategic priorities. ”

These three projects are to be complemented by an additional 1,5 GW, which Atlas Renewable Energy plans to add to its investment portfolio over the next three years across Latin America. Current operations in Chile, Uruguay, Brazil and Mexico are evidence of Atlas Renewable Energy's commitment to alternative energy development in Latin America and a testament to its track record as a developer and asset manager in the region.

About Atlas Renewable Energy

Atlas Renewable Energy, a renewable energy company that develops, builds and operates renewable energy projects with long-term energy contracts throughout Latin America. Atlas Renewable Energy's current portfolio is 1.2GW of contracted projects in the development, construction or operation phases, and is aiming to grow an additional 1.5GW over the next decade.

Launched in early 2017, Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy in Latin America. The company is recognized for its high standards in the development, construction and operation of large-scale projects.

Atlas Renewable Energy is part of Energy Fund IV, founded by Actis, a leading private equity investor in the emerging market energy sector. Actis has allocated more than $600 million of Atlas Renewable Energy stock to invest in long-term contracted renewable energy projects.

Atlas Renewable Energy's growth is focused on Latin America's key emerging markets and economies, using its proven development, commercialization and structuring know-how to bring clean energy to the region.