Atlas Renewable Energy has completed the construction of two PV plants– the Lar do Sol and the Casablanca facilities situated in Pirapora, Minas Gerais, Brazil.
The combined capacity of the projects is around 600 MW. The Lar do Sol solar plant, generating 239 MW, will provide power to Unipar and received a BRL 407 million (US$80.6 million) loan from Banco do Nordeste do Brasil (BNB).
Meanwhile, the Casablanca solar plant, with an installed capacity of 359 MW, is currently supplying power to Anglo American under a 15-year Power Purchase Agreement (PPA) signed with Atlas Renewable Energy. The funding for this project was secured through a EUR150 million (US$158.4 million) loan from IDB Invest in 2021.
Country updates
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August 30, 2023
Brazil relaunched USD2.05 billion Climate Fund
The National Bank for Economic and Social Development (BNDES) and the Ministry of the Environment and Climate Change (MMA) relaunched the National Fund on Climate Change.
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August 18, 2023
Rio Grande do Norte sign MoU for 1,043.5 MW solar, wind complex for green hydrogen
The government of Brazil's Rio Grande do Norte state has signed a memorandum of understanding (MoU) with Maturati Participacoes SA to develop a green hydrogen production initiative that will be linked...
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August 10, 2023
GE to construct air-insulated substations to 756 MW wind project in Rio Grande do Norte
Grid Solutions has signed a deal with Casa dos Ventos to construct two 500 kV air-insulated substations (AIS) for the 756 MW Serra do Tigre Wind Complex in Brazil. The project is located in the munici...
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August 07, 2023
Preliminary licence issued for 643.5 MW wind complex in Brazil
Fepam, the environmental protection agency in Rio Grande do Sul, Brazil, has granted the preliminary license (LP) for the 643.5 MW Harmonia wind power complex located in Rio Grande do Sul, Brazil...
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July 24, 2023
Equinor acquires Rio Energy including selected assets
Equinor has signed an agreement with Denham Capital to acquire Rio Energy, an onshore renewables company based in Brazil. Under the terms of the deal, Equinor will hold a 100% stake in Rio, purchase s...
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