Atlas Renewable Energy signs PPA for 230 MW PV plant in Chile
Post date: 17/08/2019 - 18:59
Atlas Renewable Energy signed a long-term power purchase agreement (PPA) for the sale of solar energy with Engie Energía Chile. The PPA will supply 550 GWh per year with solar energy during a 15-year tenor. This contract is subject to financial closure and the construction of a new solar plant of at least 230 MW called »Sol del Desierto«, which will be in the municipality of María Elena, Antofagasta region, on concession land of the Ministry of National Assets. Operation is expected to start in January 2022. Details were not disclosed.
Atlas Renewable Energy develops, finances, builds and operates renewable energy assets in Latin America, adding 800 MW PV operating in Uruguay, Chile, Brazil and Mexico. Atlas’ contracted Pipeline reaches more than 1,400 MW in the region. The company is part of the Energy Fund IV, founded by private equity investor in the energy sector of emerging markets Actis.