Atlas Renewable Energy Installs Solar Farm worth 117 MW in Brazil

Located in Barreiras, state of Bahia, the solar complex now adds to the company’s portfolio, totaling 421 MWp of solar photovoltaic projects in the country. The total amount invested in the plant was approximately R$ 350 million, equivalent to over USD 83 million

December 18, 2019. By News Bureau

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Atlas Renewable Energy has announced that its fourth project in Brazil, the Sertão Solar Barreiras Complex, has been commissioned and is fully operational. The plant has an installed capacity of 117 MWp and will generate an estimated 275 GWh yearly.

Located in Barreiras, state of Bahia, the solar complex now adds to the company’s portfolio, totaling 421 MWp of solar photovoltaic projects in the country. The total amount invested in the plant was approximately R$ 350 million, equivalent to over USD 83 million.

The Sertão Solar Barreiras Complex was contracted through a 20-year energy purchase agreement (PPA) sponsored by the Brazilian government’s auction in 2017 (New Energy Auction – 25º LEN). Now the plant’s 349,253 modules are projected to generate 275 GWh annually, which could benefit 145.000 families per year and reduce the emissions of more than 34,000 tons of carbon dioxide, according to the company’s calculations.

Two years since its entry in the Brazilian market the firm has established itself as the second-largest player in the Brazilian solar energy industry, having successfully positioned itself among key stakeholders as a leading renewable energy generation company in Brazil with investments totaling R$1.7 billion to date, of which R$ 800 million were financed by BNB.

Carlos Barrera, CEO at Atlas Renewable Energy, said that the firm delivers large-scale projects that contribute to Latin America’s continuously-growing renewable energy market and reliably deliver clean energy to consumers.

“We always do so with careful attention to all stakeholders, to ensure a positive effect on the broadest ecosystem.” He recognized Banco de Nordeste de Brasil for their financial support and broader role in accelerating investment in renewable energy projects throughout the country’s northeast region, as well as Bradesco, Banco ABC Brasil and BTG Pactual for supporting the Sertao project and other similar clean energy initiatives. “We aim to continue growing and expanding our Brazilian operations with new investments, as we continue to bring a standard of excellence to every project we develop.”

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