- Atlas Renewable Energy and Albras have signed a power purchase agreement for 902 MW solar plant
- Project will be located in Minas Gerais of Brazil and is scheduled to come online in 2025
- Under a US dollar contract for 21 years, the project will generate approximately 2 TWh/year
Atlas Renewable Energy has signed what it says is the largest private solar power purchase agreement (PPA) in Latin America for its 902 MW Vista Alegre PV Project in Brazil, also with the ‘longest term ever’ of 21 years with the largest primary aluminum producer in the country, Albras.
The 902 MW project is coming up in the Brazilian state of Minas Gerais and operations will begin in 2025 when it is expected to generate close to 2 TWh/year. It is a US dollar contract.
Atlas said this agreement will enable ‘equivalent generation of renewable energy that could power a city with approximately 3 million inhabitants, such as Brasilia’.
“The scale and term of this deal underscores Atlas’ ability to address the needs of large energy consumers with reliability of execution, while fostering best in class ESG programs in line with their values,” said Atlas Renewable Energy’s CEO Carlos Barrera.
It is the 2nd contract between the 2 companies. Previously in May 2022, Atlas, Albras and Hydro Rein said they will form a joint venture to develop, build and operate a 438 MW self-production solar project in Minas Gerais, Brazil to supply power to Albras’ primary aluminum plant (see $210 Million For 438 MW Solar Power Plant In Brazil).