Atlas closes on USD$152 M financing for three solar plants in Brazil
Atlas Renewable Energy has announced the completion of long-term financing of three of its solar energy plants in Brazil for a total amount of USD152 million.
The financing was obtained through Banco do Nordeste (BNB), backed by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco. Together, the plants will have an installed capacity of more than 300 MWps, which has allowed them to achieve new standards for financial alliances and boost the Brazilian energy sector to higher levels of solar capacity.
Each project has a 20-year power purchase agreement (PPA) with the Chamber of Electricity Sales (Câmara de Comercialização de Energia Elétrica- CCEE). It is estimated that the combined energy produced of 672.8 GWh / year will provide clean energy for a total of 470,000 families per year. Atlas Renewable Energy estimates that the operation of the plants will prevent the emission of 108,000 tons of CO2 per year.
The plants are located in the northeast region, namely the São Pedro and Juazeiro plants in the state of Bahia, and the Sol Do Futuro plant in the state of Ceará. The São Pedro solar complex is the first functioning operation of Atlas Renewable Energy in Brazil, with an installed capacity of 67.1 MWp in two secondary plants.
The Juazeiro and Sol do Futuro plants are currently in the start-up phase and will be fully operational in the coming months.
Country news
-
-
February 07, 2019
Enel Green Power starts construction of South America’s largest wind farm in Brazil
Enel, through its Brazilian renewable energy subsidiary Enel Green Power Brasil Participações Ltda. (EGPB), has started construction of the 716 MW Lagoa dos Ventos wind farm, located in the municipalities of Lagoa do Barro do Piauí, Queimada Nova and Dom Inocêncio, in Brazil’s northeastern state of Piauí.
Read more -
January 14, 2019
BNDES signs US$450 million financing for LNG-fired power plant
The National Economic and Social Development Bank (BNDES) of Brazil has announced the signing of the financing agreement of BRL1.76 billion (US$453.5 million) to UTE GNA I Power Generation for the implementation of a Liquefied Natural Gas (LNG) thermoelectric plant.
Read more -
January 09, 2019
BNDES grants US$470 million financing to ethanol pipeline project
The National Economic and Social Development Bank (BNDES) of Brazil has announced that it has entered into a financing agreement with Logum Logística SA totalling BRL1.81 billion (US$466.3 million) to support the development of the Ethanol Logistics System.
Read more -
September 04, 2018
Brazil awards contracts to 835 MW projects in latest energy auction
Brazil's Câmara de Comercialização de Energia Elétrica (CCEE - Chamber of Electric Energy Commercialisation) has awarded power purchase agreements for projects with 835 MW total generation capacity in its latest energy auction. The contracts awarded represent BRL23.6 billion (US$575.7 million).
Read more -
June 06, 2018
Enel offers US$1.5 billion to win bidding war to acquire Brazil's Eletropaulo
Enel has announced that its subsidiary Enel Brasil Investimentos Sudeste, S.A. has received confirmation of the successful completion of its voluntary offer for the purchase of the entire share capital of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., marking its success in the bidding war for the acquisition, which lasted over six weeks.
Read more
