Atlas Renewable Energy Secures First Dollar Financing for Brazilian Solar Energy Project with IDB Invest and DNB Bank

Written by Valdemar Medeiros

Published on 26/10/2020 at 13:44

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The Market Leader in Renewable Energy – Atlas Renewable Energy Secured Its First Funding for a Large Solar Project in Brazilian Soil

Atlas Renewable Energy, together with IDB Invest and DNB Bank, announced that it has secured a loan of 67 million dollars for investment in solar energy projects in Brazil, one of which is the Jacarandá solar power plant.

67 Million Dollars Invested in the Jacarandá Solar Power Plant

The Jacarandá solar plant will have an installed capacity of 187 MWp and will feature more than 450,000 modules. It will generate enough energy to meet a considerable part of the energy needs of the Aratu plant, owned by Dow.

According to the average consumption of a Brazilian family, the amount of energy generated would be sufficient to supply a city of 750,000 inhabitants.

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Additionally, the plant will avoid the emission of approximately 35,000 tons of CO2 per year, according to the GHG (Greenhouse Gases) Protocol, a methodology developed by the World Resources Institute that follows the method used by the Intergovernmental Panel on Climate Change (IPCC) and is aligned with Dow’s Global Emissions Inventory (GEI).

The volume of CO2 emissions that will be avoided can be compared to removing 36,800 vehicles from the streets of São Paulo.

About Atlas Renewable Energy

Atlas Renewable Energy arises from the motivation of an experienced team with a well-known and successful track record in renewable energy, along with the support of the Actis Group, an investor and global leader in the industry responsible for generating over 14.5 GW across various projects worldwide.

A perfect combination that has been recognized since the beginning for its high standards in the development, construction, and operation of large-scale renewable energy projects.

Atlas Renewable Energy Secures First Dollar Financing for Brazilian Solar Energy Project with IDB Invest and DNB Bank

The Market Leader in Renewable Energy – Atlas Renewable Energy Secured Its First Funding for a Large Solar Project in Brazilian Soil

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