ATOME is preparing a feasibility study for a proposed 300 MW solar project in Villeta
Progress on the project depends on ATOME Paraguay moving forward with a PPA
It says the project could support the development of an industrial park centered on solar power and battery storage
ATOME PLC, a UK-listed developer of green fertilizer and renewable energy projects, says it has secured financial and technical support to study a proposed 300 MW solar PV project in Paraguay.
The support, secured from a multilateral development bank’s dollar fund, will be used to develop a feasibility study for the project, planned near ATOME’s green fertilizer plant in Villeta. The company said it has access to substantial land in the area for solar development.
The feasibility study will proceed if ATOME Paraguay moves forward with the relevant Power Purchase Agreement (PPA). ATOME said the project could support the development of an industrial park centered on solar power and battery storage.
It expects the proposed facility to support new industries and trades linked to its green fertilizer operations.
Paraguay’s renewable electricity supply is supported by the 14 GW Itaipu hydroelectric dam, which is co-owned by Paraguay and Brazil. The company said the broader Mercosur region (Argentina, Brazil, Paraguay, and Uruguay) has limited domestic fertilizer production and imports about 30 million tons of fertilizer annually, equivalent to about 95% of its demand. Hence, it sees Paraguay as the prime location for a decentralized production facility to supply the larger region.
Paraguay also has renewable energy ambitions, targeting a 60% share of renewable energy in its total energy consumption by 2030. However, solar PV accounted for only 3 MW of the total 8.85 GW installed renewable energy capacity at the end of 2025, according to the International Renewable Energy Agency.
