Atlas Renewable Energy’s – Jacarandá Solar Plant will have an installed capacity of 187MWp and will provide clean, renewable energy to Dow’s Aratu Site in the State of Bahía

São Paulo, Brazil, June 30th, 2020 Atlas Renewable Energy, a leading renewable energy company in Latin America along with the American material science multinational company Dow (NYSE: DOW) announced today the signing of a large-scale solar energy contract in Brazil. The clean energy supply will be through the Jacaranda photovoltaic solar plant, located in Juazeiro, the State of Bahía, and is expected to supply over 440GWh per year that will mostly be used to serve Dow under a 15-year duration contract, with offtake starting in the first half of 2021.

The Jacaranda solar plant will have an installed capacity of 187MWp with more than 450,000 modules. The plant will generate enough energy to supply a sizable part of Dow’s Aratu Site’s energy needs. According to the average consumption of a Brazilian family, the amount of energy generated will be equivalent to supply enough power to a city of +750,000 inhabitants. Furthermore, the plant will avoid an approximate of 35,000 metric tons of CO2 emissions per year based on the GHG (Green House Gases) Protocol, methodology developed by the World Resources Institute which follows the methods used by the IPCC (Intergovernmental Panel on Climate Change) and it is aligned with Dow’s Global Emissions Inventory. This amount of avoided CO2 emission could be compared to removing 36,800 vehicles from the streets of São Paulo.

This contract to secure renewable power capacity contributes to achieving one of Dow’s 2025 Sustainability Goals, a commitment to obtain 750 MW of its power demand from renewable sources by 2025. Dow also recently announced additional Carbon Reduction Goals, which aim to reduce Dow’s net annual emissions by 15% from 2020 to 2030, representing a reduction of 5 million tons of CO2 in the next ten years and another significant step toward reaching carbon neutrality by 2050. Currently, Dow is the number one user of clean energy in the chemical industry and among the top 25 global corporations for renewable power use (BNEF ranking), with contracts for wind, solar, hydro, biomass and landfill gas.

The Jacarandá solar plant will be developed, built and operated by Atlas Renewable Energy, whose track record and expertise in Latin America has positioned the company as an essential player in the renewable energy sector in the region. The company also keeps expanding its footprint in the Brazilian market, where it has established itself with three more operating plants in the State of Bahia and another plant in the State of Ceará: São Pedro (67MW), Sertão Solar Barreiras (117 MW), Eng. Manoel de Andrade, previously known as Juazeiro (167MW) and Sol do Futuro (81 MW).

The Jacarandá project will be neighboring the Eng. Manoel de Andrade solar plant and will make use of its digital substation, a breakthrough innovation, first-of-its-kind in the Brazilian solar industry, introduced by Atlas Renewable Energy in 2019. Furthermore, the Jacarandá project will host bi-facial module technology, a major cutting-edge technology in solar energy. These innovative solar panels use the reflection of the sun’s rays from their front and back sides, increasing the efficiency of the photoelectric conversion, therefore enhancing the overall efficiency of the plant.

As part of Atlas Renewable Energy’s commitment to the State of Bahía, the Jacarandá plant’s construction will develop programs to bolster local communities’ overall wellbeing. The project will provide training and employment focused on creating new skills for locals. It will also advocate for gender equality by implementing the program: “We are all part of the same energy” developed by Atlas Renewable Energy. This program focuses on the promotion of inclusive practices by empowering the local female workforce through training that will enhance or create new skills. This will allow local women to have access to new job opportunities within the project and uplift their skillsets and potential by integrating them into more specialized jobs. Thanks to this program the company is expecting to hire 3 to 4 times more women than the female workforce usually hired during the construction of solar projects in Brazil. In addition, the execution of the Jacarandá project is expected to have a maximum of 1,200 workers, of which a 70% is expected to be from local workforce.

“Dow is pleased to partner with leading clean power producers like Atlas Renewable Energy as we work to reduce our emission intensity and support projects that add greater renewable contribution and diversity to the grid/matrix,” said Claudia Schaeffer, Dow’s global business director for Energy & Climate Change. “In addition to our passion for a lower carbon future, our companies share a commitment to ESG (Environmental Social and Governance) principles that encourage economic growth and social development for the communities where we operate.”

Carlos Barrera, Atlas Renewable Energy CEO mentioned: “Atlas is positioning itself as the right partner for large consumers in Latin America to serve them with clean energy and help lower their carbon footprints and reduce their costs. Our aim is to create competitive clean energy solutions for our clients by developing and implementing new, world-class renewable energy projects, all while acting responsibly with local communities. We look forward to continue supporting Dow, and other energy users across Brazil and Latin America to reduce their carbon footprints while reducing their electricity bill.”

Luis Pita, General Manager of Atlas Renewable Energy for Brazil, emphasized: “We aim to continue to boost the thriving bilateral market in Brazil by implementing top-of-the-line solutions with novel technology and the highest-in-class sustainability standards in all our projects. It is an honor for us to partner with Dow, a leader in its sector that stands out for its ambitious sustainable approach in operations and culture.” He also added: “We are also breaking ground in this project by implementing our program “We´re all part of the same energy”, centered in the inclusion and promotion of qualified female labor force, through the development of training programs and the application of the learnings during the construction and operational phase of the plant. This will definitely help promote and integrate female workforce in the region.”

Luiz Ballester, Commercial Director for Atlas Renewable Energy in Brazil, also commented: “Signing a corporate or bilateral PPA is usually an intricate and detailed process where many variables come to play. Our expertise in the matter and financial capabilities have proven to be a major differentiator for sophisticated large energy consumers, like Dow, when implementing clean energy solutions from development to full operation. Our strong know-how and bankability allow us to provide an all-encompassing service – we believe in creating a personalized and tailor-made solution that can effectively maximize each client’s goals while ensuring predictability and long-term commitment.”

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 2GW of contracted projects in development, construction, or operational stages, and aims to expand by an additional 4GW in the next years.

Launched in 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, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Atlas Renewable Energy’s growth is focused on the leading emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com/

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. Dow delivered sales of approximately $43 billion in 2019. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit http://www.dow.com or follow @DowNewsroom on Twitter.

Media Contacts

Atlas Renewable Energy

JeffreyGroup
Rejane Rodriguesrrodrigues@jeffreygroup.com  – 19 99174-6256
Vinícius Araújovaraujo@jeffreygroup.com

Dow

Oribá Comunicação
Anna Bromanna@oribacomunicacao.com.br
Júlia Meriquijulia@oribacomunicacao.com.br
Nayme Bizaionayme@oribacomunicacao.com.br
(11) 4106-5944

Atlas Renewable Energy’s Atlas Casablanca Solar Plant will supply 613GWh from 2022, being the largest bilateral large-scale solar energy purchase and sale contract in Brazil to date.

São Paulo, Brazil, March 10th, 2020 Atlas Renewable Energy, a leading renewable energy company in Latin America along with British mining company Anglo American Plc, a leading global mining company, announced today the signing of the largest solar energy purchase and sale contract in Brazil with an investment of 881 Million Brazilian Reals. The clean energy supply will be through the Atlas Casablanca photovoltaic solar plant, located in the State of Minas Gerais, and is expected to supply about 9 TWh during the life of the contract with Anglo American for 15 years and will commence in 2022.

The Atlas Casablanca solar plant has an installed capacity of 330MW with more than 800,000 modules. The plant will produce enough energy to supply a city of 1.4 million inhabitants, according to the average consumption of a Brazilian family. This contract is part of Anglo American’s strategy to use 100% renewable energy for its operations in Brazil as of 2022 and is part of Anglo American Sustainable Mining Plan which has among its goals to reduce by 30% its CO2 emissions by 2030.

Atlas Renewable Energy will use bifacial modules in the Atlas Casablanca solar plant, a cutting-edge technology in the generation of solar energy. These novel solar panels are able to use the reflection of the sun’s rays from their front and back sides, increasing the efficiency of the photoelectric conversion, and therefore increasing the energy generation and efficiency of the plant.

As part of its commitment to the State of Minas Gerais, Atlas Renewable Energy will develop, in conjunction with local communities, plans that contribute to the improvement of their living conditions. During the construction and operation of the Atlas Casablanca project, different labor training programs, especially developed for the female work force will be implemented and the hiring of local labor will be prioritized.

Wilfred Bruijn, CEO of Anglo American in Brazil, commented: “With this agreement and the contract for the construction of a wind power plant in Bahia signed in December, we will now be sourcing 90% of our energy from renewable sources, leading to a 40% reduction in CO2 emissions associated with our activities.”

Carlos Barrera, Atlas Renewable Energy CEO mentioned: “Atlas is leading in the new trend of providing clean energy directly to large energy consumers. The forms of supply are being transformed, making clean sources available to large companies, thus reducing their carbon footprint and production costs. Atlas is proud of pioneering, once again, the bilateral solar PPA in a new Latin American country. Our team was the first to implement a solar Private PPA in Chile some 8 years ago, and now we do so in Brazil. We would like to acknowledge and congratulate Anglo-American’s leadership for their commitment to become a more sustainable institution.”

Luis Pita, General Manager of Atlas Renewable Energy for Brazil, emphasized: “This contract represents a leadership position by Anglo American to demonstrate its commitment to the use of renewable energy in its operations, as well as Atlas’s ability to develop bilateral contracts for clean energy supply with top-level companies that share our interest in protecting and preserving the environment. The Atlas Casablanca project will be an important step in the development of the solar power in a state as important as Minas Gerais.”

Luiz Ballester, Commercial Director for Atlas Renewable Energy in Brazil, also commented: “This project is an example of the added value that Atlas can offer thanks to our ability to create advantageous, low-cost and tailor-made solutions for industrial partners.” Ballester, added: “The Brazilian industrial sector is not only conscious about maximizing its efficiency but also concerned about their carbon footprint, here is where a company like Atlas comes into play, we have the expertise and financial capabilities to provide a major differentiator for these companies by implementing clean energy solutions from development to the full operation.”

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.7GW of contracted projects in development, construction, or operational stages, and aims to expand by an additional 4GW in the next years.

Launched in 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, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Atlas Renewable Energy’s growth is focused on the leading emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com/

About Anglo American

Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast-growing consumer-driven demands of the world’s developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world – safely, responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our business partners and diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people’s lives.

Learn more here, www.angloamerican.com

Media Contacts

Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

Miami FL, New York, NY, March 3, 2020 Atlas Renewable Energy, and DNB Markets today announced the issuance of a USD253m US private placement (“USPP”) in Green Bond format. The notes were rated investment grade (BBB-) by Fitch Rating (including the construction period of one of the projects) and were issued by subsidiaries of Atlas Renewable Energy to refinance Javiera and build Sol del Desierto, two solar PV plants located in the north of Chile. The transaction is the largest solar PV green USPP issuance in Latin America to date.

DNB Markets acted as Sole Lead Placement Agent for the notes. The bond was issued under Atlas Renewable Energy’s Green Finance Framework, which is aligned with 2018 versions of the ICMA Green Bond Principles and the LMA Green Loan Principles. This framework recognizes and attests to the company’s commitment to developing projects that protect and preserve the environment while adhering to the highest standards of environmental engagement.

The two solar PV generation assets are located in the Atacama and Antofagasta regions in the north of Chile, and together they have a total installed capacity of 314MWp. Both projects have been combined under a single financing portfolio – an innovative structure that provides the investors with key structural benefits and synergies of cross-collateralized assets and cross-guaranteed cash flows. A similar original arrangement was seen in Atlas Renewable Energy’s refinancing of its two solar plants in Uruguay in 2018, structured by DNB Markets and for which the company was awarded the 2018 Structured Bond Deal of the Year.

This time, the transaction comprises two of the company’s solar PV projects in northern Chile: Javiera is a 70MWp fully operational asset, which provides clean energy under a Corporate PPA with Minera Los Pelambres (majority owned by Antofagasta Minerals) since 2015; and Sol del Desierto, a 244MWp greenfield project being developed by Atlas Renewable Energy, currently under construction. This plant is expected to start providing clean energy to Engie Energia Chile S.A by 2022. Sol del Desierto will use bifacial technology, which collects sunlight not only on the front side but also on the rear side to maximize generation.

We are very proud of this unique financial solution, tailor-made for these projects in order to enhance investment value” said Carlos Barrera, CEO of Atlas Renewable Energy, who also added: “This transaction demonstrates Atlas’ further consolidation in the capital markets with repeat investors across multiple projects and jurisdictions.” He continued: “It is a pleasure to work with and have the confidence of high-caliber investors as we continue to mobilize capital to expand clean, renewable energy across Latin America.”

This represents DNB’s largest US Private Placement transaction in Latin America and the second for Atlas Renewable Energy (all with green certifications) and continues to demonstrate DNB’s strong placement capabilities and industry experience in Latin America” stated Emilio Fabbrizzi, Managing Director at DNB Markets in New York. “DNB’s Sustainable Finance team also advised Atlas in setting up a Green Finance Framework, which was validated by Sustainalytics and will allow the company to issue further green bonds and loans by its four subsidiaries in the future.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.7GW of contracted projects in development, construction, or operational stages, and aims to expand by an additional 4GW in the next years.

Launched in 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, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Atlas Renewable Energy’s growth is focused on the leading emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com/

About DNB Markets, Inc.

DNB Markets, Inc. is a register broker dealer in the United States and an affiliate of DNB Markets, a division of DNB Bank ASA in Norway. DNB is Norway’s largest financial services group and one of the largest in the Nordic region in market capitalization.

The Group is among the world’s leading banks within shipping, energy and seafood. The bank has a selective global focus on renewable energy, with main emphasis on hydro, wind and solar technologies and is committed to support sustainable initiatives with green solutions.

Media Contacts

Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

Emilio Fabbrizzi, Managing Director, DNB Markets
Email: Emilio.Fabbrizzi@dnb.no

With the addition of Sertão Solar Barreiras Complex, Atlas Renewable Energy now operates 421 MWp photovoltaic projects in the country.

São Paulo, Brazil, December 17, 2019Atlas Renewable Energy, a leader in clean energy across Latin America, announces that its fourth project in Brazil, Sertão Solar Barreiras Complex, is fully operational. The plant has an installed capacity of 117MWp (megawatts peak) and will generate an estimated 275 GWh yearly. Located in Barreiras, state of Bahia, the solar complex now adds to the company’s portfolio, totaling 421 MWp of photovoltaic projects in the country. The total amount invested in the plant was approximately R $350M, equivalent to over USD 83M.

Sertão Solar Barreiras Complex was contracted through a 20-year energy purchase agreement (PPA) sponsored by the Brazilian government’s auction in 2017 (New Energy Auction – 25º LEN). Now the plant’s 349.253 modules are projected to generate 275 GWh annually, which could benefit 145.000 families per year and reduce the emissions of more than 34,000 tons of carbon dioxide, according to the company’s calculations.

In just two years, Atlas Renewable Energy has established itself as the second largest player in the Brazilian solar energy industry, having successfully positioned itself among key stakeholders as a leading renewable energy generation company in Brazil with investments totaling R $1.7B to date, of which R $800M were financed by BNB.

Atlas Renewable Energy seeks to make contributions beyond the provision of clean energy to improve and elevate the educational standards in areas where it operates, through the development of educational programs in schools and communities. During the work at Sertão Solar Barreiras Complex, Atlas Renewable Energy partnered with the Secretary of Environment and Agriculture from Barreiras to create the Environment Week and Cerrado Week, a celebration of Brazil’s vast tropical savanna ecoregion characterized by enormous ranges of plant and animal biodiversity. This included the creation of three gardens in the area’s municipal schools to educate students in garden care and planting, as well as heritage education lectures for all 400 students.

Atlas Renewable Energy also believes in the importance of investing in training and developing programs that empower local communities to work during the construction of our projects as an opportunity to generate new sources of income. During the construction of Sertão Solar Barreiras plant, Atlas provided the first female workforce training program, social communication trainings and courses for locals to prepare food products from their unique ecosystem. These trainings represented more than 29,000 hours of training in Brazil’s NR 12 Certification of industrial machinery and electrical trainings, emphasizing on the transfer of technology and local sources of income.

Carlos Barrera, CEO at Atlas Renewable Energy, stated that “Atlas Renewable Energy delivers large-scale projects that contribute to Latin America’s continuously-growing renewable energy market and reliably deliver clean energy to consumers. We always do so with careful attention to all stakeholders, to ensure a positive effect to the broadest ecosystem”. He recognized Banco de Nordeste de Brasil for their financial support and broader role in accelerating investment in renewable energy projects throughout the country’s northeast region, as well as Bradesco, Banco ABC Brasil and BTG Pactual for supporting the Sertao project and other similar clean energy initiatives. “We aim to continue growing and expanding our Brazilian operations with new investments, as we continue to bring a standard of excellence to every project we develop.”

Luis Pita, Atlas Renewable Energy’s General Manager for Brazil, emphasized that, “Atlas Renewable Energy has been well positioned in the Brazilian market as a major player in the renewable energy industry. Our presence is continuously growing and becoming more consolidated. Our company now successfully operates four plants, representing 421 MWp in Brazil, namely São Pedro, Juazeiro, Sol do Futuro, and Sertão Solar, with several others expected over the next years.” He continued, “The role of solar PV in Brazil’s Northeast and the country’s electricity matrix is rising continuously with strong potential in the free energy market. The competitiveness of renewable energy in Brazil, combined with the carbon emissions reduction it offers, is a compelling proposition for most free market consumers”.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.5GW of contracted projects in development, construction, or operational stages, and aim is to grow an additional 1.5GW in the next years. 

Launched in 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 by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than USD $600M of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com/

Media Contacts
Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

The Juazeiro Solar Plant is Latin America’s first digitally-enabled substation, a technological advantage in energy distribution.

São Paulo, Brazil, August 21, 2019Atlas Renewable Energy, leader in clean energy across Latin America, announces that its largest project in Brazil, the Juazeiro Solar Plant, is fully operational. The plant has an installed capacity of 156 MWp (megawatts peak) and will generate an estimated 357 GWh yearly. Located in Juazeiro, state of Bahia, it includes the first digital substation installed in Latin America which enhances controllability and reliability. The total amount invested in the plant was approximately $650M Brazilian Reals, equivalent to USD $165M.

In 2015, the Juazeiro Solar Plant was contracted through a 20-year energy purchase agreement (PPA) in a Regulated Auction (8º Leilão de Energia de Reserva – 2º LER). Now the plant’s 475,200 modules span over 350 hectares, and is projected to generate 357 GWh annually, which could benefit 207,592 families per year and reduce the emission of more than 47,000 tons of carbon dioxide, according to the company’s calculations.

Using the first digital substation in the region, the Juazeiro Solar Plant breaks technological boundaries by advancing in the efficiency and quality of energy distribution. A digital substation works like the heart of a power grid, transmitting and distributing electricity to distant locations, while increasing local operators’ productivity, safety and reliability. Compared to a conventional substation, digitalization requires substantially less space, reduces the quantity of copper wire needed, and facilitates more efficient operation of utility networks including monitoring, diagnostics and control. This approach falls in line with Atlas Renewable Energy’s continuous work towards innovating all aspects of its business, while positioning Brazil as a regional leader in technological advances.

As part of Atlas Renewable Energy’s social and environmental commitment, the company donated hundreds of seedlings of the Giant Umbu species, a native plant that can be used as a source of income for the neighboring communities and that contributes to the local biodiversity, preserving Caatinga Biome, flora unique in Brazil’s northeastern region. The company’s commitment with local communities was also echoed by granting the necessary materials to build the local community association center and by promoting awareness campaigns developed through educational programs that focused on recycling, sustainability, environment, food waste management, and welfare.

Carlos Barrera, CEO at Atlas Renewable Energy, stated that “our goal at Atlas Renewable Energy is to lead solar innovation in Latin America and to continue introducing and implementing the most advanced technologies available in the region. Atlas continuously looks to the next evolution of this industry, while positioning ourselves as a trusted partner that can deliver the highest standard solar installations.” He recognized the financial support from Banco do Nordeste (BNB), Pactual, Banco ABC Brasil, and Banco Bradesco for their role in accelerating investment in renewable energy projects throughout the country, “The support from the financial entities has been instrumental; the product of this collaboration is a testament to the role the private sector can play to help support Brazil’s future infrastructure needs.”

Luis Pita, Atlas Renewable Energy’s General Manager for Brazil, emphasized that, “Our team at Atlas Renewable Energy delivers large-scale projects that contribute to Brazil’s continuously-growing renewable energy market and reliably deliver clean energy to consumers. We do so with careful attention to all stakeholders, to ensure a positive effect to the broadest ecosystem. In Atlas, we pride ourselves in granting energy access to over a million people through all our operations in Latin America.” He continued, “We always aim to set the bar high, and the Juazeiro Solar Plant is another example of this.”

Atlas Renewable Energy has been an active player in the development of Brazil’s renewable energy sector for the past years through investments totaling R $1.3B to date, of which R$600M were financed by BNB. In Brazil, Atlas Renewable Energy operates 304 MWp and has an additional 117 MWp under construction, totaling 421 MWp of photovoltaic projects in the country. In April 2019, Atlas Renewable Energy began construction of its fourth project, the Sertão Solar Barreiras, in the state of Bahia, expected to begin operations in the fourth quarter of 2019.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW in the next years.

Launched in 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 by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than USD $600M of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide Latin America with a cleaner future.

To know more about
Atlas Renewable Energy, visit: www.atlasrenewableenergy.com

Media Contacts

Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

Project will be installed in the Antofagasta Region

Chile, August 12, 2019-  Certainly, 2019 will be a year that Chile will remember. In addition to signing up as host of the Conference of the Parties (COP 25), the most important environmental summit of the year; it has also announced an exit plan for at least 8 coal-fired power plants from the national grid as part of the “Zero Carbon Energy” plan. This will be a key element to achieve carbon-neutrality in Chile by 2050.

It is in this context, when renewable energies take even more prominence, that Atlas Renewable Energy signed a long-term contract for the sale of solar energy with Engie Energía Chile, adding a new  plant to take part of the country’s clean energy transition.

The PPA will supply 550 GWh/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. This plant will be one of the largest solar plants in Chile.

Alfredo Solar, General Manager of Atlas Renewable Energy Chile stated after signing the contract that “we are a young company that has grown very fast, becoming an undisputed leader of the solar market in Latin America. We have an enormous capacity to make projects viable and produce renewable energy efficiently, aligned with what is required to combat climate change. We are very proud to provide ENGIE with clean energy and therefore collaborate with Chile’s decarbonization plan.”  

Atlas Renewable Energy forms part of the Private Equity Investor ACTIS, based in London, which has spent more than 20 years investing in emerging markets, with more than 18 GW of installed capacity. Atlas Renewable Energy develops, finances, builds and operates renewable energy assets in Latin America, adding 800 solar MW operating in Uruguay, Chile, Brazil and Mexico. Atlas’ contracted Pipeline reaches more than 1400 MW in the region.

Atlas always seeks to be at the forefront. The company took on the challenge of developing the first large-scale photovoltaic plant in Chile’s Metropolitan Region, and in 2017 inaugurated Quilapilún (110 MW), located in the commune of Colina, achieving a great milestone for the country after opening new solar installation alternatives. This time, the adventure will continue in the Maria Elena commune where, in January 2022, “Sol del Desierto” will start operations.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW in the next years.

Launched in 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 by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than USD $600M of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide the world with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com

Media Contacts

Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

The Guajiro Solar Plant will prevent the emission of 215,000 tons of CO2 and provide clean energy to more than 120,000 homes in Mexico

State of Hidalgo, Mexico June 10, 2019.- Atlas Renewable Energy, a leading clean energy company in Latin America, inaugurated today its first solar energy project in Mexico, the Guajiro Solar Plant. The event was attended by the Governor of the State of Hidalgo, Omar Fayad Meneses, and other local government and state officials.

The plant is located in Nopala de Villagrán, in the State of Hidalgo in central Mexico and has a capacity of 129 MWp, which is equivalent to generating approximately 300 GWh annually. Atlas Renewable Energy invested more than USD$118 million, with the participation of Bancomext, who provided long-term financing in the amount of USD$88.5 million.

The Guajiro Solar Plant has a power purchase agreement (PPA) with the Federal Electricity Commission (CFE). The project reached commercial operation on May 1st, 2019, as planned – completing the construction process in just 7 months, after the acquisition by Atlas Renewable Energy. According to the company’s own calculations, the plant’s generation of the 300 GWh annually will provide clean energy to more than 120,000 families per year.

The plant has more than 370,000 panels, and spans over ​​410 hectares, which is equivalent to 220 football fields. As part of Atlas Renewable Energy’s business model where environmental safety is prioritized, more than 36,000 trees and almost 7,000 thousand non-tree species were planted within the project’s area. It is estimated that Guajiro’s operation will prevent the emission of 215,000 tons of carbon dioxide per year, which can be compared to removing 46,000 cars from circulation during the same period.

As part of Atlas Renewable Energy’s commitment to the environment and communities, during the plant’s construction, development and operation, the company worked with almost 2,000 people in the local area and created approximately 900 direct jobs. Additionally, Atlas Renewable Energy partnered with The Pale Blue Dot, a Mexican organization that promotes educational programs through the use of technology in schools and community centers. The implementation of the project allowed more than 400 students from the communities near the Guajiro Solar Plant to have Internet access and an educational platform. The project, sponsored by Atlas Renewable Energy, allows these digital classrooms to become an educational, social and cultural space for students, as well as a tool for new sources of information and measure its results.

During the event, the municipal president of Nopala de Villagran, David Padilla Guerrero said “Guajiro is an example of when things go well for everyone. It is a clear sign that progress in rural areas is possible when working with environmentally and socially responsible companies.”

Camilo Serrano, General Manager for Atlas Renewable Energy in Mexico, said: “Mexico is a key market in our business portfolio and an important renewable energy market in Latin America. The country offers immense potential for the construction and implementation of solar energy plants and Atlas Renewable Energy believes that the renewable energy industry in Mexico will continue its growth.” He added, “with this project we are able to move towards the country’s target to obtain 35% of energy generation through renewable sources by 2024.”

The Secretary of Economic Development of Hidalgo, José Luis Romo said, “the agile execution of this project, proves Atlas Renewable Energy’s efficiency and experimented team, as well as the effective policy implemented by Governor Fayad’s administration to attract investments and generate employment, a decision that has become a national reference.”

Guajiro is our first complex operating in the country and marks the beginning of a promising relationship between our company and Mexico”, said Carlos Barrera, Atlas Renewable Energy’s CEO. “Atlas Renewable Energy is convinced that the right way to operate is to combine the wellbeing of the communities in which we operate by encouraging economic growth and environmental security. This, together with a pursuit for excellence and quality constitutes the strategic priorities of the company”.

The Governor of the State of Hidalgo, Omar Fayad Meneses, said, “with this important inauguration, Hidalgo has formally joined the fight against climate change.” He added “it is a privilege for us to host the Guajiro Solar Plant from which clean energy is generated for all Mexicans.”

This project is expected to be complemented by an additional 1.5 GWh that Atlas Renewable Energy plans to add to its investment portfolio over the next three years throughout Latin America. The current operations in Chile, Uruguay, Brazil and Mexico are evidence of Atlas Renewable Energy’s commitment to the development of clean energy in Latin America and a testimony of its trajectory as a developer and administrator of assets in the region.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW over the next decade. 

Launched in 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 by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than $600 million of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide the world with a cleaner future.

To know more about Atlas Renewable Energy, visit:
https://atlasrenewableenergy.com/

Media Contacts

Diana Castellanos, Communications, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

The three projects are estimated to benefit around 470,000 families per year with clean, renewable energy and will avoid the emission of 108,000 tons of CO2 annually.

 São Paulo, March 18, 2019 Atlas Renewable Energy, leader in clean energy in Latin America, announced the completion of long-term financing of three of its solar energy plants in Brazil for a total amount of USD $ 152 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. As part of the company’s commitment to work with local communities and environmental guidelines during the construction, development, and operation phases of its plants, the São Pedro project created nearly 700 direct jobs, and will prevent the emission of more than 61,000 tons of carbon dioxide. The Juazeiro and Sol do Futuro plants are currently in the start-up phase and will be fully operational in the coming months.

BNB’s Business Director, Antônio Rosendo Neto Júnior, highlights that “A partnership with Atlas Renewable Energy demonstrates the synergy of Banco do Nordeste with this sector of the economy. Investments are essential for the evolution of the energy matrix throughout the Brazilian Northeast, especially from renewable and non-contaminated sources.  We are fulfilling the Bank’s mission, while generating employment and income in our region.”

Atlas Renewable Energy CEO Carlos Barrera explains, “Brazil is Latin America’s largest renewable energy market, and these three projects allow us to consolidate a strong presence in this market. We are pleased to have partnered with these strong, high-caliber financial institutions enabled in part by our team’s solid track-record and expertise in development and execution.” He adds, “As a renewable energy company, we’re just scratching the surface of how powerful Latin America’s renewable energy sector can be when you combine it with high-quality PPAs, financing innovation, and top-tier projects.”

“By closing our investment goals of $170 million in Brazil, Atlas Renewable Energy adds to Brazil’s thriving renewable energy sector,” explains General Manager of Brazil, Luis Pita, who also added, “we believe Latin America’s renewable energy market is due for an innovative approach to the solar technology that can deliver data driven decisions at scale and statistics aimed at increasing energy production across borders. Atlas Renewable Energy is becoming a leader in this arena. These solar projects are in line with our company’s commitment to invest in top of the line technologies, such as NEXTracker’s TrueCapture Technology and the introduction of the first digital substation in Brazil, which, along with our work ethic, quality of production, and company culture, are part of the company’s strategic priorities.”

These three projects are expected to be complemented by an additional 1.5 GW, which Atlas Renewable Energy plans to add to its investment portfolio over the next three years throughout Latin America.  The current operations in Chile, Uruguay, Brazil, and Mexico are evidence of Atlas Renewable Energy’s commitment to alternative energy development in Latin America and a testament to its track record as a developer and administrator of assets in the region.

About Atlas Renewable Energy

Atlas Renewable Energy, a renewable energy company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. Atlas Renewable Energy’s current portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW over the next decade.

Launched in 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 by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than $600 million of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, Atlas works every day to provide the world with a cleaner future.

For more information, please visit https://atlasrenewableenergy.com/

Media Contacts

Diana Castellanos, Communications, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Kelsey Flitter, BCW
Email: Kelsey.flitter@bcw-global.com

TrueCapture™, the latest in smart optimization technology to be installed on Atlas Renewable Energy’s solar fleet in Mexico, Brazil, Chile, and Uruguay

FREMONT, Calif. USA, January 31, 2019NEXTracker™, a Flex company, along with Atlas Renewable Energy, announced that the TrueCapture smart control system, developed by NEXTracker, will be deployed across Atlas Renewable Energy’s existing Latin American solar plants and on select greenfield projects currently under construction. The two companies have been partnering in the region and will now introduce the latest in control optimization technology to the Latin American solar industry. Deployed on multiple continents worldwide, TrueCapture is a first-of-its-kind intelligent, self-adjusting tracker control system for solar power plants that boosts energy production using machine learning and the latest advanced sensor technology.

“Atlas Renewable Energy is an ideal partner for NEXTracker, as the company has an excellent track record and proven expertise in driving solar project development and innovation, and has the second largest solar asset base in Latin America,” said Dan Shugar, NEXTracker CEO. “We have successfully collaborated since Atlas Renewable Energy’s inception and we’re excited and appreciative to be integrating our proven TrueCapture technology with Atlas Renewable Energy’s fleet from Mexico to Chile, significantly enhancing plant energy yields.”

“NEXTracker offers one of the most innovative and bankable tracker solutions in the solar market,” stated Carlos Barrera, CEO and co-founder of Atlas Renewable Energy. “The TrueCapture technology is an exciting new solar tracker innovation allowing granular row-to-row control and optimization to enhance energy production. We’re delighted to deploy this novel tool across numerous projects in our fleet, bringing new technology to Latin America. This decision aligns well with Atlas Renewable Energy’s continuous pursuit of innovation in all aspects of our business, as well as our interest to partner with great companies in our industry. We actively seek to stay ahead of the curve, as we continue our mission to deliver low-cost, clean energy to Latin America.”

Totaling over 500 megawatts, Atlas Renewable Energy’s specific projects include Sol Do Futuro and Sertão Solar (Brazil), Quilapilún (Chile), El Naranjal and Del Litoral (Uruguay), and Guajiro (Mexico). Already-built sites will be retrofitted and augmented with TrueCapture™ while newer projects will be installed and expected to perform once commissioned and tied to regional grids.

How it works: TrueCapture technology dynamically adjusts the angular position of each tracker row in response to site features, weather conditions, and geospatial location of the arrays. Proven to enable system owners and developers to maximize solar system performance and enhance profits for solar power facilities, TrueCapture has been validated by top independent engineering firms including Leidos and DNV-GL.

To learn more, here are additional resources on TrueCapture:

About NEXTracker      

NEXTracker, a Flex company, advances the power plant of the future with smart solar trackersenergy storage systems and TrueCapture™ advanced control software that yields additional energy, optimizes performance and reduces costs for project and plant owners. As the number-one tracker supplier worldwide with over 17 GW delivered or under fulfillment, NEXTracker is globally recognized for delivering smart and connected energy systems for hundreds of projects across five continents. Headquartered in the San Francisco Bay Area, the company has offices in Australia, India, Latin America, and Europe. For more information, visit NEXTracker.com and follow the company on Twitter and LinkedIn.

 About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW over the next decade.

Launched in 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 by its high standards in development, construction, and operation of large-scale projects. Atlas Renewable Energy is part of the Energy Fund IV, co-founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than $600 million of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide the world with a cleaner future.

To more know more about Atlas Renewable Energy, visit: https://atlasrenewableenergy.com/

 

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Media Contacts

Diana Castellanos, Atlas Renewable Energy
dcastellanos@atlasren.com

Kelsey Flitter, BCW
kelsey.flitter@bcw-globalbm.com

Kristan Kirsh, NEXTracker
kkirsh@nextracker.com; M +1-650-814-1273

Michelle Blackston, Silverline Communications
michelle@teamsilverline.com; M +1 619-654-6068

This solar project created 696 direct jobs and will prevent the emission of more than 61k tons of carbon dioxide, combining the well-being of the communities and environmental safety.

São Paulo, Brazil, January 24th, 2019Atlas Renewable Energy, a leader in clean energy across Latin America, inaugurates today 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. Read more