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American Giant Makes Its Second Investment in Latin America in Renewable Energy. The First Was in a Project in Chile
Brazil continues to attract foreign investments and will now have a wind farm from the American multinational Atlas Renewable Energy. The company made a project purchase for the city of Juramento, in Minas Gerais, with a capacity to generate up to 378 MW, which was managed by the French company Voltalia. This new project will bring development to Brazil and further stimulate the production of renewable energy in the country.
This large wind farm, located in the municipality of Juramento, boasts an impressive fleet of 63 wind turbines that together have a total estimated generation capacity of 1,650 GWh of clean energy per year. This would be enough to supply renewable energy to over 800 thousand homes. Additionally, this large project also helps to offset greenhouse gas emissions. It is the second project acquired in Latin America; the first was in Chile in May 2022.
Learn More About the Future of Wind Farms and Renewable Energy from Wind in Brazil with the Video Below.
The Purchase Is Essential to Diversify the Renewable Energy Matrix in Brazil, Reinforcing Production in Wind Farms
This is the first wind project acquired by Atlas Renewable Energy in Brazil and the second in Latin America, promising significant advancement and diversification in the national energy matrix, contributing to the growth of renewable energy.
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“With Juramento, we continue to expand and diversify our product offering across all the regions where we operate. Currently, this project is available to any large energy consumer looking for a power purchase agreement (PPA) to transition from conventional energy sources to renewables.”
Luis Pita, General Manager of Atlas Renewable Energy Brazil (2022) in a statement
The business structure will be reviewed and finalized by the Administrative Council for Economic Defense (CADE) in the coming weeks. The company also emphasized that there is currently no PPA in effect for the city of Juramento and is open to any buyer looking for renewable energy in Brazil.
Atlas Renewable Energy Has Already Made Other Deals in Brazil with Solar Power Plants in Bahia
Although this is the first wind project in Brazil, it is not the first business closed with the American company. After all, in July 2020, Atlas Renewable Energy had already signed a PPA for the Jacaranda solar plant in Bahia, focused on solar energy with the materials science company Dow in Brazil, for a period of 15 years.
This plant was responsible for supplying energy to Dow and has more than 450 thousand solar modules, with the capacity to provide up to 187 MW and offset carbon emissions.
After All, Who Is Atlas Renewable Energy?
The Atlas Renewable Energy is a large multinational based in the United States focused on providing renewable energy for the Americas. It has solid experience in solar energy and became the first generator validated by the Totum Institute, with the capacity to generate credits. This recognition is achieved through certification stating that the company agrees with some of the key United Nations Sustainable Development Goals.
The company is now entering new areas of operation, such as wind energy. The acquisition of this new project benefits both parties and will bring to Brazil a greater capacity to harness winds and produce renewable energy.
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