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, 2019 – Atlas 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.
