Atlas Renewable Energy inaugurated 67 MW »São Pedro« solar complex
Post date: 29/01/2019 - 18:01
Atlas Renewable Energy inaugurated its first operational project in Brazil, the »São Pedro« solar plant. Construction began in 2017 in Bom Jesus da Lapa, state of Bahia, and the plant has an installed capacity of 67.1 MW in two sub-plants. The financing of the plant was secured through the Banco do Nordeste (BNB), supported by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco.
The São Pedro solar project was contracted under a 20-year power purchase agreement (PPA) with the Chamber of Electricity Commercialization (Câmara de Comercialização de Energia Elétrica – CCEE), through the government’s energy auction in 2015. The plant’s 204,120 modules span over 150 hectares and are projected to generate 150 GWh annually.
As part of Atlas Renewable Energy’s commitment to work with local communities during the construction, development, and operational phases of their plants, the São Pedro project created 696 direct jobs, while working with seven different rural communities. In addition, Atlas Renewable Energy offered community members educational and professional development programs including apiculture training, cultural relevance, and built two nursery gardens in local schools. These combined programs reached a total of more than 1,500 people in the local community.
According to the company, its Brazilian portfolio includes three other projects currently under construction and development, namely »Juazeiro« and »Sertão Solar« in the state of Bahia, and »Sol do Futuro«, in Ceará.
Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2 GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5 GW over the next decade.