Atlas Renewable Energy has 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 MWp (megawatts peak) 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, which can light up roughly 82,000 homes per year, and reduce the emission of more than 61,125 tons of carbon dioxide, according to the company’s own calculations.
In addition to the São Pedro Solar Plant, Atlas Renewable Energy’s 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.
Country updates
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January 22, 2019
Omega Geracao agrees to acquire 303 MW Assurua wind power complex from Companhia de Energias Renovaveis
Brazilian renewable energy company Omega Geracao SA has agreed to acquire the 303 MW Assurua wind power complex and the right of first offer (ROFO) for 2 GW of wind and solar projects in Bahia st...
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January 21, 2019
CADE clears Brennand Energia stakes buyout in 254.5 MW wind portfolio from Eletrobras
Brazil's Administrative Council for Economic Defense (CADE) has cleared without restriction the purchase by Brennand Energia of the stakes it does not already own in the 254.5 MW wi...
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January 21, 2019
Eletrobras closes privatization of Amazonas Distribuidora
Eletrobras has privatised its largest distribution company, Amazonas Distribuidora with a consortium comprising Oliveira Energia and Atem. Amazonas Distribuidora de Energia S.A. gene...
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January 17, 2019
Omega Geracao completes purchase of 50% stakes in 321 MW Pirapora solar complex
Omega Geracao SA has completed the purchase of a 50% stakes in the 321 MW Pirapora solar complex located in the municipality of Pirapora, State of Minas Gerais, Brazil. Omega has acqu...
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January 16, 2019
Casa dos Ventos signs partnership with characteristics unprecedented in the free renewable energy market with Vale
Casa dos Ventos has announced that it has signed a long-term Power Purchase Agreement (PPA) with Vale SA for the Folha Larga wind farm Located in Campo Formoso, Bahia. With an installed capacity of 15...
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