Atlas Renewable Energy Secures Financing with BNB for the Construction of Lar do Sol – Casablanca II Solar Plant in Brazil
PR94576
SAO PAULO, Brazil, Feb. 18, 2022 /PRNewswire=KYODO JBN/--
The loan for the construction of the self-production photovoltaic plant was
secured through Brazil's Northeastern Bank's Northeastern Constitutional
Financing Fund.
Atlas Renewable Energy, a global renewable energy generator, has secured a
R$407 Million (approximately US$76 Million) loan from Brazil's Northeastern
Bank's Northeastern Constitutional Financing Fund for the construction of the
Lar do Sol – Casablanca II solar plant, which will be located in Pirapora,
State of Minas Gerais, Brazil. The self-production plant will help power Unipar
to produce chlorine for the treatment of water for over 60 million people.
Atlas Renewable Energy will be the main investor and operator, and will partner
with Unipar, who will co-invest.
"Projects like these are great examples of long-term relationships between a
renewable energy generator, a financer and a client," said Luis Pita, General
Manager for Atlas Renewable Energy in Brazil. "We are very proud that Unipar
and BNB recognize Atlas' capabilities and track-record in this industry to
select us as their partner to build and operate large scale renewable energy
projects and implement social and environmental programs for the benefit of the
communities that will surround this project."
"The financing for renewable energy projects stands out among the support
policies of Banco do Nordeste do Brasil SA. The Institution is the largest
regional development bank in Latin America and stands out from the rest due to
its developmental mission focused on generating employment and income in its
area of operation," said Superintendent of Banco do Nordeste de Brasil Diego
Rocha Batista. "In addition to having adequate conditions for the sector, the
credit program is part of the bank's environmental sustainability actions. The
completion of another financing with Atlas Renewable Energy in Brazil
reinforces the commitment to the sector and recognizes the entrepreneurial
group as an excellent partner in the region."
The Lar do Sol – Casablanca II Solar Plant, which will occupy about 700
hectares, will have an installed capacity of 239MWp with 460,000 solar panels.
The plant's yearly energy generation will be the equivalent of supplying energy
to about 261,662 households, according to the average consumption of a
Brazilian family. Moreover, the plant will avoid approximately 40,500 metric
tons of CO2 emissions per year, which is equivalent to removing 16,200 vehicles
from the streets of Sao Paulo.
Apart from powering Unipar's production of chlorine and chlorides, the plant is
set to hire about 1,200 local employees during the peak construction activity
and it will also implement Atlas' female workforce program "We are all part of
the same energy". With this, Lar do Sol – Casablanca II will be adhering to at
least 5 of the UNs' SDGs (#5: Gender Equality, #6: Clean Water and Sanitation,
#8: Decent Work and Economic Growth, #10 Reduced Inequalities and #12:
Responsible Consumption and Production).
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 2.3 GW of contracted projects in
development, construction, or operational stages, and aims to expand by an
additional 4GW in the next years.
Launched in 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
Photo - https://mma.prnewswire.com/media/1749296/Atlas_Renewable_Energy.jpg
SOURCE: Atlas Renewable Energy
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