Atlas Renewable Energy’s Solar Park in Uruguay is visited by the ANLA, showing itself as an industry reference

  • The Uruguayan authorities showcased El Naranjal Solar Park, operated by international firm Atlas Renewable Energy, a leader in renewable energy in Latin America, as an industry benchmark during the visit paid by Colombia’s environmental regulator, ANLA, as part of the knowledge exchange agreement existing between both countries on the subject matter. 
  • The company stands out as a leading standard for renewable energy generation in Latin America, demonstrating its capacity for execution and delivery with the highest regulatory and technical environmental compliance standards. Atlas recently announced its commitment to the Colombian market by entering into a strategic alliance with ISAGEN to promote renewable energies nationwide.   

Bogota, September 21, 2023. Within the framework of the collaboration agreement entered into by the governments of Colombia and Uruguay, centered on the exchange of knowledge and the promotion of infrastructure works known for their economic and environmental impact, Colombia’s environmental regulator, ANLA, visited the El Naranjal Solar Park operated by Atlas in Uruguay, a benchmark in the renewable energy industry. 

The visit included a property tour where the Colombian delegation got a first-hand look at the solar park’s operations, maintenance details, environmental good practices, and its relationship with the neighboring communities. Uruguay’s National Directorate of Quality Assurance for Environmental Assessment (DINACEA) was also part of the event.  

Construction of this solar park commenced in 2015, with operations beginning in 2017. El Naranjal has an installed capacity of 58.8 MWp, generating 109.1 GWh per year, equivalent to supplying clean energy to more than 58,800 homes. The solar park has more than 18,000 solar panels, sits on 150 hectares and avoids the emission of 42,000 tons of CO2 into the atmosphere.  

The visit included exchanging knowledge among those present, noting the importance of developing renewable energies in Uruguay, recognizing the industry’s role in the country’s decarbonization and energy independence, and its leadership on the subject matter in Latin America. 

In turn, Atlas proved to be a benchmark in renewable energy and environmental and social good practices before the Colombian authorities, standing out as an actor capable of executing and delivering clean energy projects under the highest standards, attributes the company brings to each project and region where it operates. 

In Colombia, Atlas seeks to develop, build and operate more than 1,000 MW of renewable energy projects in the coming years through strategic alliances with recognized market players, such as the one it recently entered into with ISAGEN, and national authorities to ensure a fair and sustainable energy transition.  

About Atlas Renewable Energy  

Atlas Renewable Energy is an international renewable energy generation company with over 4 GW of contracted projects, of which 2.2 GW are operational. Atlas has specialized in developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. The company has an experienced team with a deep global power market and renewable energy expertise, with the longest track record in the renewable energy industry in the Americas and Europe.   

The company’s strategy is focused on helping large corporations make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in developing, constructing, and operating large-scale projects, as well as its deep and long-standing track record in ESG and sustainable development. For more information, please visit www.AtlasRenewableEnergy.com.  

Press contact:  

Alvaro Rincón Bieri  

Mobile phone: 31 5363 7503 

www.AtlasRenewableEnergy.com/ 

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ISAGEN AND ATLAS RENEWABLE ENERGY PARTNER TO DEVELOP 1,000 MW OF RENEWABLE ENERGY IN COLOMBIA

  • The purpose of this alliance is to develop, build and operate 1,000 MW of solar projects over the next few years, thus contributing to Colombia’s energy transition and decarbonization strategy.
  • Atlas Renewable Energy is an international leader in renewable power with a portfolio of 4.4 GW of contracted projects in Latin America.

BOGOTA, Aug. 3, 2023 – This new joint project development alliance represents a relevant milestone for ISAGEN in its growth process and commitment to the nation’s increased demand, requiring the entry of new renewable energy generation projects.

The objective of the alliance is to jointly develop a 1,000 MW platform with renewable sources over the next few years through a strategic alliance that will allow Atlas Renewable Energy to materialize its expansion plan in Colombia and ISAGEN to consolidate its leadership in the energy transition. ISAGEN has an installed capacity of more than 3,000 MW of 100% renewable energy.

With this partnership, ISAGEN brings its strength and nearly 30 years of experience in generating and commercializing renewable energy in Colombia. On the other hand, Atlas Renewable Energy will bring its development and construction expertise with a proven track record in renewable energy in Latin America. We aspire to consolidate this partnership in the short term with projects that contribute to expanding the capacity Colombia needs today.

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Atlas Renewable Energy and Nextracker sign agreement to implement Nextracker’s TrueCapture Technology for the largest solar plant to be built in Latin America

  • The Vista Alegre solar project, with 902 MWp of installed capacity, will be the largest solar plant in Latin America and will feature TrueCapture technology, an advanced and innovative solution to increase the plant’s energy performance and efficiency.
  • The plant will provide clean energy to Brazil’s largest aluminum producer, Albras, through the largest and longest solar PPA ever signed to date for a private offtaker in the region.

Sao Paulo, June 13, 2022 – Atlas Renewable Energy, a leading international clean energy generator, and Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, have signed an agreement to implement Nextracker’s TrueCapture™ technology in Atlas’ Vista Alegre solar plant in Brazil. The project will have an installed capacity of 902MWp and is set to become the largest solar project to be built in the southern hemisphere. The project will provide sustainable energy to Brazil’s major aluminum producer, Albras, under the largest and longest solar power purchase agreement (PPA) signed to date with a private offtaker in Latin America.

With this agreement, Atlas continues to advance the region’s solar industry with state-of-the-art technology. TrueCapture utilizes an advanced algorithm-based software solution designed to maximize the energy production of solar power plants. It uses machine learning and artificial intelligence to continually track the sun’s position and adjust the angles of solar panels to maximize energy yield. By intelligently adjusting the tilt and position of each solar tracker in real-time, TrueCapture is designed to mitigate the impact of shading, uneven terrain, weather, and other factors that can reduce energy output.

“Atlas was the first company that introduced TrueCapture to Latin America when we implemented the technology to most of our operating solar fleet,” said Iván Jara, Atlas Renewable Energy’s Head of Engineering and Construction. He added, “by continuing to implement TrueCapture to the Vista Alegre solar plant, Atlas looks to further improve the overall performance and profitability of this enormous and exciting project, making it one of the most efficient, smartest, and cost-effective in the region. These features allow us to offer more competitive and complete solutions to our clients.”

“With Atlas Renewable Energy, we’re focused on bringing greater power plant optimization to utility-scale projects in the region,” stated Alejo Lopez, Nextracker’s Head of Sales for Latin America. “With its strong position as a leading solar developer in the region, Atlas was an early pioneer of TrueCapture deployment. We share the same goals, focused on delivering high performing systems and lower cost to our customers.”

This agreement highlights the latest technological advances in the solar industry, and extends Nextracker’s position in Latin America, working alongside Atlas, one of the region’s major clean energy players in the solar industry. With the combined industry expertise in smart solutions from Nextracker and Atlas’ use of novel technology like TrueCapture, Atlas’s operating solar plants are at the forefront of asset optimization, accelerating the sector’s competitiveness in Latin America.

The Vista Alegre project will generate approximately 2TWh/year, equivalent to removing more than 61,800 cars off the streets of Sao Paulo and offsetting approximately 154,000 tons of CO2 emissions per year. This is a major milestone for Atlas and highlights the company’s commitment to enhancing large energy consumers’ sustainable development in the region.

About Nextracker 

Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. With plants operating on more than thirty countries worldwide, Nextracker offers solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit Nextracker. Stay in touch with us: Twitter LinkedIn Instagram Facebook 

About Atlas Renewable Energy 

Atlas Renewable Energy is an international renewable energy generation company with over 4 GW of contracted projects, of which 2.2 GW are operational. Atlas specializes in developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. The company includes an experienced team with a deep global power market and renewable energy expertise, with the longest track record in the renewable energy industry in the Americas and Europe. 

The company’s strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects, as well as a deep and long-standing track record in ESG and sustainable development. For more information, visit: www.AtlasRenewableEnergy.com 

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ATLAS RENEWABLE ENERGY SIGNS LARGEST PRIVATE SOLAR PPA IN LATAM

Atlas repeats partnership with Albras, the largest aluminum producer in Brazil, with unprecedented 21-year US dollar power purchase agreement

SAO PAULO, APRIL 27, 2023 – Atlas Renewable Energy, a global leader in renewable energy, just signed a power purchase agreement with Albras, the largest primary aluminum producer in Brazil. Under the US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable energy PPA.

The energy provided to Albras under this PPA will be supplied by the Vista Alegre Photovoltaic Project, with operations expected to start in 2025. The plant will be located in the state of Minas Gerais with an installed capacity of 902 MWp and will generate approximately 2TWh/year, which is equivalent to removing more than 61,800 cars of the streets of Sao Paulo and offsetting approximately 154,000 tons of CO2 emissions per year.

“This is an important step for Atlas as we continue our focus to partner with corporate customers to support their energy transition to clean energy. The closing of our second contract with Albras attests to our ability to provide a compelling tailored energy solution to our customers. Furthermore, it offers predictability to the energy management of our customers looking to achieve their sustainability goals. The scale and term of this deal underscores Atlas’ ability to address the needs of large energy consumers with reliability of execution, while fostering best in class ESG programs in line with their values”, says Carlos Barrera,  Atlas Renewable Energy’s CEO.

With this new power purchase agreement, the partnership between Atlas and Albras will enable the equivalent generation of renewable energy that could power a city with approximately 3 million inhabitants, such as Brasilia.

Furthermore, Atlas’ Vista Alegre will continue to enable ESG practices to instill long-term benefits and promote sustainable practices for the nearby communities. “We are all part of the same energy,” Atlas’ flagship social program will be implemented to promote diversity and inclusion within the renewable energy sector by training local women in technical skills and mobilizing its contractors to include them in their recruiting process, aiming to reach more than 15% of female representation within the construction of the plant.

About Atlas Renewable Energy

Atlas Renewable Energy is an international renewable energy generation company with over 4 GW of contracted projects, of which 2.2 GW are operational. Atlas specializes in developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. The company includes an experienced team with a deep global power market and renewable energy expertise, with the longest track record in the renewable energy industry in the Americas and Europe.

The company’s strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects, as well as a deep and long-standing track record in ESG and sustainable development.

For more information, visit: www.AtlasRenewableEnergy.com

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Atlas Renewable Energy secures BNDES’ first US dollar loan for a renewable energy project in Brazil

The funding will be for the construction of the Boa Sorte Solar plant in Minas Gerais, a project developed by Atlas Renewable Energy through a joint venture with Hydro Rein to provide clean energy to a client from the Brazilian industrial sector.

SAO PAULO, JAN 6, 2023 – Atlas Renewable Energy, a leading international renewable energy company, announces that it has secured a loan of USD 210 million from Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance its Boa Sorte solar project. This marks the first time that BNDES has executed a US dollar-indexed loan to a renewable energy project.

“We hope that this is the first of many operations in which the BNDES can finance companies using the dollar as a reference. This is the bank expanding its range of products and seeking to better serve its customers,” said the Infrastructure Credit Director, Solange Paiva Vieria.

This financing is of great importance for the Brazilian market and for the renewable energy industry in the country. It sets a new precedent for project financing in Brazil, making it available for projects with USD-denominated power purchase agreements (PPAs) specifically designed for large Brazilian companies which are large exporters. The deal is also particularly significant given the new regulation under Law # 14,286 / 2021 that allows exporters to enter into USD PPAs with companies that hold authorizations, which is the case of energy trading companies.

“This is the third USD deal for Atlas in Brazil to finance renewable energy projects that will serve large energy consumers in the country, but it is worth noting that this is particularly unique since it has been issued by a public bank,” said Luis Pita, General Manager for Atlas Renewable Energy in Brazil. Pita also added: “The fact that BNDES has issued this loan is a testament to the growing importance of renewable energy globally and in Brazil and the significant role that companies like Atlas are playing in driving this transition. We hope that this financing will facilitate new USD-indexed financing for renewable energy projects in the country and help to drive the transition to a more sustainable energy future.

“With the introduction of Law 14,286/21, known as the Foreign Exchange Law, as of December 31, 2022, agents in the electricity sector will be able to trade energy through PPAs (Power Purchase Agreements) linked to the dollar. This new framework allows electro-intensive exporting companies to reduce their risk to exchange rate fluctuations, given that their products are traded in dollars and the electricity consumed, being an important input to produce goods, can also be purchased at prices linked to the dollar,” detailed Daniel Barreto, superintendent of the BNDES Energy Area. “This new model requires the feasibility of financing also pegged to the dollar, and anticipating this new reality, BNDES, through fundraising abroad, innovatively made possible the financing operation for the Boa Sorte solar project, from the Atlas Group,” added Barreto.

“We are very excited to partner with BNDES on its first dollar-indexed financing for renewable energy. Having financing indexed to the dollar is not only in the interest of investors, but a crucial prerequisite for making the Boa Sorte project viable. The support from BNDES attests to the importance of the Boa Sorte project, supporting Hydro REIN’s industrial decarbonization mission” said Marcela Jacob, Head of Hydro Rein Brazil.

The Boa Sorte solar project will be built in Paracatu, in the State of Minas Gerais, Brazil. It will provide clean energy to a client from the Brazilian industrial sector, under a 20-year Power Purchase Agreement (PPA). The plant will have an installed capacity of 438 MW, which will generate 815 GWh annually. This is equivalent to providing clean energy to more than 394,000 homes and offsets more than 61,000 tons of CO2 emissions per year. The project also stands out for its novel contract structure through a joint venture between Atlas, HydroRein, and the client under a self-production contract to supply 12% of the client’s annual power consumption.

The project will continue to foster Atlas’ approach to social responsibility within the nearby communities by providing jobs to the local workforce, estimating at least over 2000 people hired during construction. Atlas will also implement the “we are all part of the same energy” program to train local women in technical skills and will mobilize its contractors to reduce the gender gap within the construction of the plant and promote new capacities and skills within the local female workforce.

With the financing of the Boa Sorte solar plant, Atlas continues to pioneer and innovate within the renewable energy industry working alongside reputable banking institutions by offering custom-made solutions for large energy consumers looking to optimize energy costs and meet their sustainability targets.

About Atlas Renewable Energy

Atlas Renewable Energy is an international renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with a deep global power market and renewable energy expertise, and with the longest track record in the renewable energy industry in Latin America.

The company’s strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects; as well as a deep and long-standing track record in ESG and sustainable development. For more information, visit: AtlasRenewableEnergy.com

About BNDES

Throughout its 70 years of history, BNDES has been the Government’s main instrument for promoting long-term investments in the Brazilian economy, in addition to being one of the main financiers of micro, small and medium-sized companies in the country. The Bank also has an important anti-cyclical role in times of crisis, as one of the formulators of solutions for the resumption of economic growth. Currently, the BNDES also works with a focus on creating and maintaining jobs, and improving public services in Brazil, such as education, health and sanitation, in addition to supporting the country in the just transition to a carbon-neutral economy. The purpose of the Bank is to transform the lives of generations, promoting sustainable development.

About Hydro Rein 

Hydro Rein was established in 2021 as part of Hydro’s strategy to grow in renewables. The company aims at becoming the preferred supplier of renewable power and other energy solutions for industrial clients. 

Hydro Rein has a significant pipeline of wind and solar projects in Brazil and the Nordics for long-term power supply to Hydro and other industrial offtakers. Hydro Rein is also developing a range of energy solutions to assist industries with the management and optimization of its energy consumption and storage behind-the-meter.  

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ATLAS RENEWABLE ENERGY’S LA PIMIENTA IS FULLY OPERATIONAL AND BECOMES MEXICO’S SECOND-LARGEST SOLAR PLANT TO DATE

Atlas Renewable Energy’s La Pimienta Solar Plant is fully operational, making it the second-largest solar plant in Mexico to date. The plant will generate 789 GWh a year and will supply the state-owned utility, Federal Electric Commission (CFE), with clean energy for the next 15 years.

MEXICO CITY, NOV. 21, 2022 – Atlas Renewable Energy, an international renewable energy generator, announces that its solar plant La Pimienta is fully operational. The plant, which is located in the state of Campeche, has a capacity of 300 MW making it the second-largest solar plant in Mexico. The plant will supply energy to CFE under a 15-year contract to support the power needs of the Yucatan peninsula.

The announcement of this important milestone was made on Thursday, Nov. 17, during a visit to the plant by local government officials led by the Secretary of Government, Aníbal Ostoa Ortega, who represented the Governor of the State of Campeche, Layda Sansores, who mentioned: “La Pimienta is an extraordinary project that will generate an echo in other companies; investors know that all companies that come in good faith and are committed to the environment are welcome.”

Dorothy Ngutter, U.S. Consul General in Merida, who was representing Ken Salazar, U.S. Ambassador to Mexico, said that “our government’s commitment to clean energy and energy transition pays off for the benefit of our nations and the planet.”

La Pimienta is composed of more than a million solar panels, which are spread across 651 hectares. The solar plant will generate about 789 GWh annually, which could be compared to supplying enough energy to benefit more than 300-thousand families.

La Pimienta represents the first large-scale solar renewable energy investment in Campeche, with the participation of high-caliber institutions including the Interamerican Development Bank (IDB), National Bank of Public Works and Services (Banobras), MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC) and Société Générale.

“We are very proud that our largest project to date is now fully operational. This project is very special for us, as we are able to supply clean energy to the Yucatan Peninsula and avoid the emission of more than 1.7 million tons of CO2. In addition, we are able to promote unique social and environmental programs that will contribute to the well-being of the surrounding communities and the preservation of the local ecosystem,” said Camilo Serrano, General Manager for Atlas Renewable Energy in México.

Atlas’ commitment to accelerate the transition toward clean energy is closely linked to its vision of social and environmental responsibility. During the execution of this project, Atlas implemented a series of socioenvironmental programs that had a positive impact on the local communities and ecosystems.

The construction of La Pimienta created over 1,000 jobs where the local workforce was prioritized. Atlas’ flagship program “We are all part of the same energy” trained 355 local women in technical skills and hired 165 of them, raising female representation from a traditional 2% to 15% during the construction of this type of projects.

Atlas also implemented Project Carmen; a program in partnership with the local health authorities focused on bringing accessible healthcare to the nearby communities through the construction, rehabilitation and equipment of two health centers. The company also supported the community with the installation of dry bathrooms and wood-saving stoves for over 40 families.

Taking care of the environment and protecting the local ecosystem was also a main focus for Atlas. The company implemented a biodiversity program to preserve the local flora and fauna and enhanced a natural corridor within the plant, to improve the habitat of local species. The company is also reinserting local flora that was rescued during the construction phase of the plant, and it will execute a 450-hectare reforestation program, expecting to plant close to 100,000 specimens.

With this project, not only does Atlas continue to help accelerate the transition toward cleaner sources of energy, but also looks to raise the bar in terms of environment & ecosystem protection, diversity and inclusion practices within the industry and commitments to social responsibility.

About Atlas Renewable Energy

Atlas Renewable Energy is an international renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with the longest track record in the renewable energy industry in Latin America. The company is recognized for its high standards in the development, construction, and operation of large-scale projects.

Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future.

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GIP and Actis Announce Acquisition of Atlas Renewable Energy by GIP USA

NEW YORK, Oct. 11, 2022 /PRNewswire/ — Global Infrastructure Partners, a leading independent infrastructure investor, and Actis, a leading global investor in sustainable infrastructure, jointly announced the completion of the acquisition of Atlas Renewable Energy by GIP.

Atlas is the second largest independent renewables developer in Latin America with 14 fully contracted solar assets that produce 2.3GW of installed capacity, across Brazil, Chile, Mexico, and Uruguay.

Atlas Renewable Energy was founded in 2016 by a team of highly-experienced executives, with the support of Actis. From an initial development portfolio, Atlas has increased its installed capacity by 5x over a 4.5 year period. Atlas’ approach has been focused on delivering customer-focused energy solutions with the goal of providing green energy at competitive costs through tailor-made, innovative solutions.

Atlas benefits from sector tailwinds in the region, as economic growth and the global energy transition, coupled with the availability of abundant renewable resources, are driving increased demand for renewable energy generation. Atlas is well-positioned to help lead this growth through its differentiated offering, scaled regional presence, and strong existing relationships with customers in the region.

Ronnie Hawkins, Partner of GIP Emerging Markets said: “We are pleased to announce the acquisition of Atlas Renewable Energy, which further enhances GIP’s leading global renewables franchise. Atlas adds a large-scale Latin American platform to our solar, wind and battery storage assets in North America, Europe and Asia. We look forward to supporting Atlas’ management team and leveraging GIP’s extensive experience and relationships to further scale the solar business across other renewable technologies.”  

Michael Harrington, Actis Partner and Head of Americas, added: “We are immensely proud of the Atlas platform and organization. Building it has called upon our experience and networks across the global renewable energy industry to take it from a restructuring process, to creating one of the region’s largest independent renewables businesses and a global sustainability leader. The sale of Atlas marks our fifth renewable platform exit in the Americas, where we have now built and owned over 7 GW of contracted wind and solar capacity, making Actis one of the largest private investors in the energy transition of the region.”

Carlos Barrera, CEO, Atlas Renewable Energy commented:  “In the past five years Atlas Renewable Energy has experienced a remarkable growth journey that now positions us as a regional leader in delivering competitive, clean energy solutions to large corporate customers. We are grateful for Actis’ partnership, trust and commitment during this period. The investment by GIP now marks a new and exciting phase for our company as we expand the business into new markets and new technologies, and continue to deliver tailor-made solutions that help corporates transition to clean energy. We look forward to the road ahead, and to continue to set a high bar in our ESG efforts to promote sustainable development through renewable energy.”

About GIP

GIP is a leading independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries. GIP’s global renewables portfolio includes solar, wind, hydro, and battery storage assets representing 19 GW of operating and construction capacity, royalty interests in over 20 GW of operating renewable projects, and over 173 GW of assets under construction or in development.

Headquartered in New York, GIP operates out of 10 offices: New York, London, Stamford (Connecticut), Sydney, Melbourne, Brisbane, Mumbai, Delhi, Singapore and Hong Kong. GIP manages c. US $84 billion for its investors. GIP’s portfolio companies have combined annual revenues of c. US $68 billion and employ over 100,000 people. For more information, visit https://www.global-infra.com.

About Actis

Actis, is a leading global investor in sustainable infrastructure. Actis has raised US $24 billion since inception and operates with sustainability at its core. Actis believes Values Drive Value, through deep operational experience, on the ground presence and a value-led approach, Actis delivers competitive returns for its institutional investors and measurable positive impact for the countries, cities and communities in which it invests.

Actis is a signatory to the United Nations backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. The firm has consistently been awarded the highest rating score in the UN Principles for Responsible Investment (PRI) independent assessment. 

www.act.is

About Atlas Renewable Energy:

Atlas Renewable Energy is an international renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with deep global power market and renewable energy expertise, and with the longest track record in the renewable energy industry in Latin America. The company’s strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects; as well as a deep and long-standing track record in ESG and sustainable development. For more information, visit: AtlasRenewableEnergy.com

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ATLAS RENEWABLE ENERGY BROADENS MARKET OFFERING BY ACQUIRING ITS FIRST WIND PROJECT IN BRAZIL

Atlas expands its wind portfolio by acquiring a project from Voltalia in Brazil. This acquisition follows the recent announcement by the company of its proposed Alpaca wind portfolio in Chile. With this acquisition, Atlas continues to broaden its market offering to provide clients with a full suite of clean energy solutions. 

SAO PAULO, June 14, 2022— Atlas Renewable Energy, an international renewable energy generator, acquired a wind project in the Brazilian state of Minas Gerais from the French energy producer and provider Voltalia. The project, named Juramento, will have a generation capacity of 378 MW and will be composed of 63 wind turbines.

Juramento is Atlas Renewable Energy’s second wind project after the company announced the signing of a Power Purchase Agreement (PPA) with Enel Energía Chile last month for the development of the Alpaca wind portfolio (417 MW). Unlike Alpaca, Juramento does not have a PPA and is open to any off-takers seeking renewable power in Brazil.

“With Juramento we continue to expand and diversify our product offering across all the regions where we operate,” said Luis Pita, General Manager for Atlas Renewable Energy in Brazil. “This project is currently available for any large energy consumer looking for a PPA to transition from conventional sources of energy to renewable.”

Juramento will generate 1,650 GWh per year, which is equivalent to benefiting 799,524 Brazilian families, preventing 123,750 tons of CO2 (est.) which could be compared to removing 49,500 cars from the streets of Sao Paulo. The structure of the transaction will be reviewed and finalized through Brazil’s Administrative Council of Economic Defense (CADE) in the upcoming days.

About Atlas Renewable Energy 

Atlas Renewable Energy is an international renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with the longest track record in the renewable energy industry in Latin America. The company is recognized for its high standards in the development, construction, and operation of large-scale projects. 

Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future.

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Hydro Rein partners with Atlas Renewable Energy and ALBRAS to develop self-production solar energy project in Brazil 

Hydro Rein, Atlas Renewable Energy and ALBRAS are forming a joint venture to develop, build and operate a self-production project through a solar plant, which will be located in Paracatú, in the state of Minas Gerais, Brazil, with a planned total installed capacity of 438 MW. The project will supply long-term renewable power to Albras’ primary aluminum plant. 

The construction of the Boa Sorte solar plant is planned to start in Q4 of 2022, and operations are planned to start in Q4 2023.  Total investments are estimated at USD 320 million (100% basis). The project has been submitted to the competition authority (CADE) for clearance.   

Albras within the scope of the self-production project has signed a US dollar-denominated PPA (power purchase agreement) with Boa Sorte for an annual supply of 815 GWh from 2025 to 2044. The agreement covers 12% of Albras’ annual power consumption. 

The Albras primary aluminum plant is located in the Brazilian state of Pará and is a joint venture between Hydro and NAAC (Nippon Amazon Aluminium Co. Ltd.). Albras is the largest producer of primary aluminum in Brazil with an annual capacity of 460,000 tons and supplies both domestic and international markets. 

The Boa Sorte solar plant will contain more than 800,000 bifacial modules, which will provide enough energy to avoid the emission of 61,500 tons of CO2 annually.  

About Atlas Renewable Energy 

Atlas Renewable Energy is a renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy industry in Latin America. The company is recognized for its high standards in the development, construction, and operation of large-scale projects. 

Atlas Renewable Energy is part of the Energy Fund IV, raised by Actis, one of the leading private equity investors in the energy sector. Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future. 

About Hydro Rein 

Hydro Rein was established in 2021 as part of Hydro’s strategy to grow in renewables. The company aims at becoming the preferred supplier of renewable power and other energy solutions for industrial clients. 

Hydro Rein has a significant pipeline of wind and solar projects in Brazil and the Nordics for long-term power supply to Hydro and other industrial offtakers. Hydro Rein is also developing a range of energy solutions to assist industries with the management and optimization of its energy consumption and storage behind-the-meter.  

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Atlas Renewable Energy Leaps Into Wind Power Market With Newest Customer, Enel Generación Chile S.A.

SANTIAGO, CHILE April 20, 2022 – Atlas Renewable Energy (Atlas) marks a new milestone with the development of its first wind power project with a long-term power purchase agreement (PPA) with Enel Generación Chile S.A. for 1.3 TWh/year. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. 

“Our first wind energy project solidifies our position as a company capable of developing different renewable technologies and adapting to the needs of customers in multiple markets across the globe,” said Alfredo Solar, general manager of Atlas Renewable Energy in Chile.  

Enel Generación Chile Trading and Commercialization Manager, Alfredo Hott, said “With this agreement, Enel complements its renewable energy portfolio with additional wind power to offer its customers clean and competitive energy, in line with the contribution that the company is making to promote the country’s energy transition.” 

Atlas’ Alpaca Portfolio consists of three wind projects that are set to begin operation in 2025. They will be located in the Araucania, Los Lagos and Maule regions of Chile. 

“We are very proud to expand our work to the south of the country. Atlas already has a presence in Antofagasta, Atacama, and the Metropolitan Region. But with these projects, we’ll expand into Chile’s south and establish a presence in six regions of the country,” Solar said. 

With the signing of this PPA, Atlas solidifies itself as the preferred partner for large-scale utilities in Latin America to procure clean, renewable energy. Previously, Atlas signed a similar PPA with Engie to develop Sol del Desierto, a solar plant located in Chile’s Atacama desert, which recently began operations. 

1.3 TWh/yr is equivalent to powering the homes of 628,512 families in Chile, avoiding 671,488 tons of carbon pollution and equivalent to getting rid of about 145,975 cars from the streets of Santiago.  

The construction of the project will facilitate the development of localized social programs designed by Atlas and will prioritize the inclusion and development of the local labor force. Similar programs that were developed during the construction of Sol del Desierto. One of that project’s initiatives was the “We are part of the same energy” program, which provided technical trainings to 66 local women, enabling them to apply for skilled jobs during the construction of the project as well as in other local jobs. 

About Atlas Renewable Energy 

Atlas Renewable Energy is a renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects under long-term contracts throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with the longest track record in the renewable energy industry in Latin America. The company is recognized for its high standards in the development, construction, and operation of large-scale projects. 

Atlas Renewable Energy is part of the Energy Fund IV, raised by Actis, one of the leading private equity investors in the energy sector. Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future. 

Atlas Renewable Energy is part of the Energy Fund IV, raised by Actis, one of the leading private equity investors in the energy sector. Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future. 

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