BNDES Approves BRL 1 Billion Financing for Atlas Renewable Energy’s 505 MWac Solar Plants in Brazil
Brazil’s National Bank for Economic and Social Development (BNDES) has approved a BRL 1 billion (USD 179 million) financing package for Atlas Renewable Energy’s 505 MWac Draco Solar Complex in Minas Gerais, Brazil, set to begin operations in early 2026.
July 31, 2025. By Mrinmoy Dey
The complex will contain 11 photovoltaic power plants with a combined installed capacity of 505 MWac (579 MWdc), supplying industrial demand with energy equivalent to powering 569,000 homes. The project is set to enter operation in early 2026.
The project also includes the construction of a 500 kV substation and a single-circuit, 15 km transmission line connecting to Brazil’s National Interconnected System (SIN).
Carlos Barrera, CEO of Atlas Renewable Energy said, “Together, we have financed the implementation of nearly 2 GW of installed solar capacity across Brazil, not only accelerating the country’s energy transition, but also strengthening local supply chains, generating skilled jobs, and delivering reliable, cost-effective power to key industries, such as Data Centers.”
BNDES President Aloizio Mercadante remarked, “This project adds a significant volume of clean, renewable energy to our electricity mix and supports the government’s decarbonisation policy. With Brazil’s solar capacity now at 39 GW, BNDES remains committed to the green agenda across energy production, process decarbonisation, and forest restoration.”
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