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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.
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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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Every time a river flows into the sea, an amount of energy equivalent to a 120-meter waterfall is silently wasted, but Japan has just inaugurated the world’s first power plant that captures this waste and transforms it into electricity 24 hours a day without sun, wind, or fuel.
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Silicon Valley bets on a 100-hour battery that uses carbon and oxygen to store renewable energy for days and could turn a little-known chemical system into an alternative to critical metal batteries to tackle prolonged blackouts.
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Fortescue announces a radical shift by replacing diesel with a system featuring 1.2 GW of solar energy, 600 MW of wind energy, and up to 5 GWh in batteries, a giant project that could save $100 million per year and transform heavy mining into one of the largest 100% renewable operations in the world by 2028.
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Canadian engineers want to compress air in underground caverns and build plants of up to 500 MW that function as giant lungs to store renewable energy for hours and stabilize entire electrical grids.
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.
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