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://www.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://www.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://www.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

Miami, Florida, December 19, 2018Atlas Renewable Energy has won one of the Bonds & Loans Latin America Awards 2019, in the category of Structured Bond Deal of the Year. Following more than 150 submissions from different companies, the Latin American renewable energy company, with the second largest solar base in the region, was recognized for the long-term financing program executed for its El Naranjal and Del Litoral solar PV projects in Salto, Uruguay, in partnerships with DNB Markets and IDB-Invest. Read more

  • Atlas Renewable Energy and Bancomext announce US$88.5 million financing for the Guajiro plant
  • Guajiro will generate an estimated 300 GWh annually, equivalent to the electrical demands of about 120,000 homes

Mexico City, Mexico, August 27, 2018Atlas Renewable Energy and el Banco de Comercio Exterior (Bancomext) announced today the signing of a long-term financing agreement for Atlas Renewable Energy’s solar power plant in Mexico, located in the state of Hidalgo.

Bancomext will provide $88.5 million dollars to finance the construction of the project, along with a $17 million dollars line of credit for Value Added Tax (VAT). The plant will have an installed capacity of approximately 129.5 MWp.

The project was awarded a power purchase agreement (PPA) with the Federal Electricity Commission (CFE), Mexico’s federal electricity company, in the first long-term energy auction, carried out in 2016 as part of Mexico’s energy reform.

The Guajiro Solar project is expected to begin operations in the second quarter of 2019. The plant will span over ​​410 hectares in Nopala de Villagrán, located in the state of Hidalgo. Guajiro Solar estimates it will generate 300 GWh annually, equivalent to the demand of roughly 120,000 homes. Atlas Renewable Energy estimates that the operation of the project will prevent the annual emission of more than 215,000 tons of carbon dioxide, which is equivalent to eliminating more than 46,000 cars from circulation.

Carlos Barrera, CEO of Atlas Renewable Energy, stated that “the financing of the Guajiro Solar project marks an important milestone for Atlas Renewable Energy and consolidates Mexico as one of our main markets. It also strengthens our track-record of successful renewable energy project financings throughout Latin America.” He recognized Bancomext’s management of this transaction and for the positive impact it has had in accelerating investment in renewable energy projects throughout Mexico. “As we continue to grow, we will look for other opportunities to partner again with leading financial institutions such as Bancomext and government entities such as CFE,” he concluded.

Camilo Serrano, general manager of Atlas Renewable Energy for Mexico, emphasized that, “this project demonstrates a collaboration of public and private interests to increase the presence of renewable energy in Mexico” and commented that they will look for more opportunities to expand Atlas Renewable Energy’s footprint in Mexico.

Francisco N. González Díaz, general director of Bancomext, highlighted that, “The Guajiro Solar project positions Atlas Renewable Energy as a reliable partner for investment and infrastructure development within the Mexican energy sector.” This project will generate 300 GWh annually, while helping achieve the goal of generating 35% of Mexico’s energy from renewable sources by 2024. Additionally, it provides an economic stimulus for the region. He added that “this type of financing is intended to continue supporting the development of projects aligned to the Federal Government’s market strategy for renewable energy.”

As its first solar energy project in Mexico, Guajiro is part of Atlas Renewable Energy’s growth strategy to deepen its position in Mexico, a core market for Atlas Renewable Energy. The company launched its regional expansion in last year, with the inauguration of a plant in Chile that generates 110 MW, and the acquisition of an operating 70MW plant in the North of Chile. In July of this year, the company raised a green bond for two of its operating plants in Uruguay, and currently the company is in construction and advance development stage for several photovoltaic plants in Brazil with a total capacity of 450 MW.

Bancomext considers the energy sector strategic for the development of the country, so it has a program for the financing of renewable energy projects through the granting of long-term resources, in local currency or US dollars, to support companies during the construction, operation, and maintenance stages of the projects.

 About Atlas Renewable Energy

Atlas Renewable Energy (Atlas) is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current Atlas portfolio is 800MW+ 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 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’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.

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

 

Media Contacts

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

Kelsey Flitter, Burson-Marsteller
Email: kelsey.flitter@bm.com

Miami, FL, July 2, 2018 – Atlas Renewable Energy announced today the closing of long-term financing for its El Naranjal and Del Litoral solar PV projects in Salto, Uruguay. The financing was secured through a US Private Placement with several international investors, placed by DNB Markets, Inc.  and the Inter-American Investment Corporation (IDB-Invest). The deal was arranged as an A/B Bond structure including a senior and a subordinated note, with IDB-Invest as the lender of record.

The El Naranjal and Del Litoral projects have been successfully operating across 190 hectares of land in northern Uruguay since September 2017 and June 2017, respectively. The collective 238,720 solar panel modules have a combined installed capacity of 75.8MWp and produce 144.3 GWh per year. Each project has a 30-year power purchase agreement with the state-owned company, Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE), and will supply UTE with 100% of their energy generation until December 2043 (25.5 years remaining).

As a leader in clean energy across Latin America, Atlas Renewable Energy estimates that the operation of the projects avoids the emission of 55,500 tons of CO2, annually, while powering 45,959 houses.

The CEO of Atlas Renewable Energy, Carlos Barrera stated, “We are very pleased to close this transaction with great financial institutions backing us. We believe solar energy will continue to play a crucial role in Latin America’s energy growth needs, because its inherent sustainability credentials combined with its increasing cost-competitiveness. As the renewables sector grows, Atlas will continue striving to differentiate ourselves with sector innovation in every facet of our business, including capital structuring.”

Mr. Barrera’s comments were echoed by Emilio Fabbrizzi, managing director and head of Project Finance, Latin America at DNB Markets, “This is DNB Markets’ third green project bond transaction in Uruguay, and the second this year that we successfully placed in the debt capital markets, under an innovative financing structure together with IDB Invest. In this transaction we were able to push the envelope and place not only an investment grade senior tranche, but also a sub-investment grade subordinated tranche with private investors, both at very attractive rates and long tenors. This was made possible given a first-class shareholder with experience in the renewable energy sector, in conjunction with a fully-contracted off-take agreement from UTE with 25.5 years remaining. The success of the transaction continues to demonstrate DNB’s capabilities and experience in Latin America.”

Gian Franco Carassale, principal investment officer at IDB Invest also commented that, “The senior and subordinated bond issuances for Naranjal and Del Litoral are great examples of how the capital markets are an increasingly important solution for project finance in Latin America and the Caribbean. This also shows how the B-Bond program from IDB-Invest can mobilize investors for non-investment grade issuances and, in turn, bring solutions to the market that can complement the increasingly scarce long-term bank financing. We are pleased to begin a relationship with Atlas Renewable Energy in this first-of-a-kind transaction, with hopefully many more to come.”

As solar energy production is on the rise, and the sector is estimated as a $160.8bn global industry, Atlas Renewable Energy looks to continue positioning itself as the leading player across Latin America.

About Atlas Renewable Energy

Atlas Renewable Energy (Atlas) is an operating renewable energy company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. Atlas holds a portfolio of 800MW of contracted projects in development, construction, or operational stages, and aspires to grow an additional 1.5GW over the coming few years.

Launched in early 2017, Atlas 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 4 Fund 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’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 www.atlasrenewableenergy.com.

Media Contacts

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

Kelsey Flitter, Burson-Marsteller
Email: Kelsey.flitter@bm.com

  • The company acquired Guajiro Solar Project with 126.5-MWp of installed capacity

Mexico City. – April 2, 2018 —Atlas Renewable Energy announced today that it acquired from SunPower Corp. (NASDAQ: SPWR) the Guajiro solar project in Mexico, with a planned capacity of 126.5 megawatts (MWp) peak (101.4 MW), in the municipality of Nopala de Villagran, state of Hidalgo.

The project, which is expected to be commissioned in the second quarter of 2019, will generate close to 300 gigawatt hours (GWh) of energy per year.

Guajiro is contracted under a long-term Power Purchase Agreement (PPA) with the CFE, Mexico’s state-owned electric utility. The project, initially developed by SunPower, was awarded in the country’s first electricity power auction, organized by Mexico’s National Center for Energy Control (CENACE), which manages the country’s electric system.

Following the acquisition of Guajiro, Atlas Renewable Energy will be responsible for the financing, construction and commissioning of the project.

The Government of Hidalgo has accompanied the development and is supportive of the execution of Guajiro as this investment by Atlas Renewable Energy comes to strengthen the industrial environment of the state.

Atlas Renewable Energy CEO Carlos Barrera said that “the Guajiro project marks a major milestone for Atlas Renewable Energy and constitutes the first of many projects in Mexico, one of our core focus markets”.

“We are pleased to have worked with SunPower on this acquisition, further building on a strong relationship between both our organizations. Establishing enduring relationships in the industry is something we regard as fundamental. We will continue seeking opportunities to invest or partner in high-quality solar and wind projects in Mexico, as we extend our footprint in the country”, he added.

SunPower Chief Financial Officer Chuck Boynton, said that “Mexico’s energy sector reforms spurred significant growth of the country’s solar market, and we are optimistic that growth will continue and result in a robust clean energy economy”.

“SunPower commends Atlas Renewable Energy for its commitment to renewable energy development in Latin America. By establishing its Mexico portfolio with the Guajiro project, and making additional investments in the country, Atlas Renewable Energy is well positioned to play a key role in promoting Mexico’s economic growth and sustainable energy sector”, he continued.

The acquisition of the Guajiro project, made on March 28, is part of Atlas Renewable Energy’s growth strategy: in the last year, the company that operates exclusively in Latin America, has expanded throughout the region inaugurating a 110 MW plant in July 2017 in Chile; currently developing and constructing three photovoltaic plants in Brazil with a total capacity of 330 MW, and entering the Mexican market with the Guajiro project.

The platform’s rapid growth is backed by an experienced team with a successful track record in the industry and by its sponsor Actis, a London based company leader in emerging markets in Africa, Asia and Latin America.

Actis delivers consistent, competitive returns, responsibly, through insights gained from trusted relationships, local knowledge and deep sector expertise with 33 energy infrastructure companies in more than 25 countries, generating 18 gigawatts (GW) of energy capacity.

About Atlas Renewable Energy

Atlas Renewable Energy was established in 2017 as a renewable energy developer formed by the private investment firm Actis through the acquisition of the previous SunEdison Latin America team and asset base.

Atlas Renewable Energy is a regional Latin American solar and wind platform, with some 750MW in contracted projects in operation, construction or advanced development stages and over 1GW in early stage projects.

Atlas Renewable Energy’s growth strategy is based on developing, financing, investing in, and operating high-quality projects through its experienced team with a deep and robust track-record across the region. Atlas aims to grow an additional 1GW-2GW over the short to medium term, with a focus on Chile, Brazil and Mexico.

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

About SunPower

As one of the world’s most innovative and sustainable energy companies, SunPower Corporation (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower’s more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

SunPower’s Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding project plans, timelines, and projected energy output. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and maintaining certain of our large projects, competition and market conditions in the solar and general energy industry, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

©2018 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S. and other countries as well.

Media Contacts

Atlas Renewable Energy

Diana Castellanos
dcastellanos@atlasren.com

Sara Villalobos
svillalobos@gcya.net
Office: +52 (55) 52 46 01 00 ext. 240
Mobile: +52 (55) 45 77 08 23

SunPower

Ingrid Ekstrom
iekstrom@sunpower.com
+1 (510) 260 8368