PR88173

MIAMI, Feb. 22, 2021 /PRNewswire=KYODO JBN/ --

As presented by Bloomberg NEF's 1H 2021 Corporate Energy Market Outlook

published on Jan. 26, 2020, Atlas Renewable Energy ranked as the number one

clean energy developer selling renewable energy to corporate buyers in Latin

America during 2020 and occupied 6th place globally with over half a gigawatt

contracted for private offtakers in the region.

This success includes a landmark long-term Power Purchase Agreements (PPA) that

Atlas Renewable Energy contracted with Anglo-American, a natural resources

multinational, which will procure clean energy to its operations in Brazil from

the Casablanca project, Atlas Renewable Energy's 349MW solar plant in Minas

Gerais. Casablanca is the largest bilateral solar PPA signed in Latin America

to this date.

Similarly, Atlas Renewable Energy signed another groundbreaking project with

the Brazilian subsidiary of one of the largest petrochemical multinationals,

Dow Chemical. The energy for that project will be sourced from Atlas Renewable

Energy's Jacaranda solar plant and will provide clean energy to Dow's

operations in the state of Bahi­a under a novel deal structure that addresses

solar intermittency and provides a 24h energy offering by swapping the excess

solar energy during the day with other clean energy sources that can produce at

nighttime, thereby serving a continuous energy load.

Both projects fall under these companies' strategy to attain ambitious

sustainability goals, aiming to reduce a considerable amount of their CO2

emissions and clean their energy matrix, a trend that is rapidly being adopted

and implemented in Latin America by large energy consumers in the natural

resources and chemical sectors. And, importantly, both projects are uniquely

characterized by equally pioneering and ambitious social community engagement

programs promoting diversity and inclusion.

"We are extremely proud of the growth that Atlas Renewable Energy has

consistently been able to sustain over recent years, repeatedly offering

tailor-made energy solutions to our clients. Going forward, we see ourselves

continuing to innovate in this space to reduce the carbon footprint of

companies and institutions, while also reducing their energy bill." said Carlos

Barrera, Atlas Renewable Energy's CEO. "The private sector is becoming more

conscious about the need to operate sustainably. As such, procuring clean

energy has become essential for large energy consumers, and Atlas can support

them to find creative and smarter solutions to accelerate their adoption of

cleaner sources of energy."

According to Bloomberg NEF's report, which tracks corporate clean energy

trends, Corporate PPA activity in Latin America in 2020 totaled 1.5GW, of which

1,047MW was procured in Brazil, the region's largest economy and clean energy

market. Brazil PPA volumes nearly doubled from 2019 and solar contracts

accounted for nearly 80% of this growth, driving a strong trend towards solar

energy at the regional level.

With these deals, large mining and chemical companies in Brazil dominated Latin

America's corporate procurement landscape in 2020. Global miner Anglo American

was the largest corporate offtaker, based on Bloomberg's report, followed by

the Brazilian subsidiary of US-based multinational Dow Chemical.

With this major achievement, Atlas Renewable Energy looks to the future to

continue supplying clean energy to big energy consumers across the Americas,

accelerating the region's transition toward clean energy, while promoting best

practices and elevating the industry standards.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops,

builds, and operates renewable energy projects with long-term contracts across

the Americas. The current company portfolio is 2.2GW 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. Atlas Renewable Energy's

growth is focused on the leading emerging markets and economies, using its

proven development, commercialization, and structuring know-how to accelerate

the transformation toward clean energy. By actively engaging with the community

and stakeholders at the center of its project strategy, the company works every

day to provide a cleaner future.

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

Logo: https://mma.prnewswire.com/media/1441896/Atlas_Renewable_Energy_Logo.jpg  

Contact Details:

David Chambers +44 (0)75 5788 7405, dchambers@headlandconsultancy.com  

1221 Brickell Ave. Suite 1200

Miami, FL 33131, USA

www.atlasrenewableenergy.com

contacto@atlasren.com,

+1 786 358 5614

SOURCE: Atlas Renewable Energy