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Atlas Renewable Energy Investment Enables New Solar Power Plant in MG to Have 880 Thousand Bifacial Modules
Atlas Renewable Energy will invest US$ 150 million in the Lar do Sol Solar Power Plant – Casablanca, aimed at reducing around 50 thousand tons of CO2 per year. The company also states that it will contribute to the community by providing training for women in the MG community.
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The estimated output of the solar power plant in MG is around 805 GWh per year. So far, this power purchase agreement is the largest involving investments in solar energy for sustainable power supply to a private consumer in the country.
In addition to avoiding the emission of approximately 50 thousand tons of CO2 per year, the new solar power plant will generate enough electricity to power more than 390 thousand homes annually, based on average household consumption.
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Renewable energy sources are gaining global prominence by driving the energy transition and reducing environmental impacts in the face of advancing climate change.
The investment in the Lar do Sol Solar Plant – Casablanca is part of Anglo American’s strategy to use 100% sustainable energy in its Brazilian operations by 2022.
Atlas Renewable Energy Working With the Community
Atlas Renewable Energy, with an ambitious social engagement agenda, intends to implement social programs in the local MG community, promoting inclusion and diversity. To achieve this, the company will further expand its program “We All Are Part of the Same Energy” at the solar power plant construction site.
The initiative aims to develop technical skills, train, and generate new knowledge for 200 women residing in the neighboring communities of Minas Gerais. The program also seeks to promote women participating in the training for qualified job opportunities in the construction of the investment Lar do Sol – Casablanca.
Atlas Renewable Energy aims to integrate at least 15% of female representation in its workforce, that is, four times more than the number of women currently working in solar energy projects in MG.
Words from the CEO of Atlas Renewable Energy
According to Carlos Barrera, CEO of Atlas Renewable Energy, the company is pleased to have successfully secured another financial loan from IDB Invest and DNB Markets, institutions that have become key allies in structuring new investment solutions to assist consumers in the energy transition.
He also stated that Atlas Renewable is committed to combating cultural prejudices and social inequalities in its line of work, ensuring that clean energy is provided responsibly.
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