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SANTIAGO, Chile, March 22, 2022 /PRNewswire=KYODO JBN/ --

The solar plant, which is already in operation, is located in the commune of

María Elena, Antofagasta Region, Chile and was built with bifacial technology.

The plant has a total capacity of 244 MWp and will provide clean energy to the

grid. It has a long-term power purchase agreement with Engie Energía Chile. The

project will contribute to the goals of the Chilean government's

decarbonization plan.

Atlas Renewable Energy marks a new milestone on the road to the implementation

of clean energy in Chile, with the operation of one of the largest solar plants

in the country. Sol del Desierto is located in the commune of María Elena,

Antofagasta Region, and has a total capacity of 244 MWp. With 582,930 solar

panels spread over 479 hectares, the plant will generate 714 GWh annually. The

solar project is an important part of Chile's Ministry of Energy's

decarbonization plan, which seeks to retire and/or convert half of the

coal-fired power plants by 2025.

The project, which has already started operations, has a long-term solar power

purchase agreement (PPA) between Atlas Renewable Energy and Engie Energía

Chile, agreeing to supply 550 GWh/year of solar photovoltaic energy for a

period of 15 years. The plant's generation enables the supply of clean energy

to 345,198 homes.

Sol del Desierto will avoid 368 thousand tons of carbon dioxide, which is

equivalent to taking more than 47 thousand vehicles out of circulation per

year. The solar park also stands out for its efficiency. It was developed with

bifacial technology, which allows energy to be obtained from the back and front

faces of each of its solar modules.

An innovative project at an international level

The company's general manager for Chile, Alfredo Solar, explains that "at Atlas

Renewable Energy we develop our projects with a strong commitment to the

environment, the surroundings, and to inclusion. That is why Sol del Desierto

stands out not only for its contribution to clean energy but also for the care

of the surrounding nature, the conservation of archaeological sites, and above

all for having placed special focus on the inclusion of female workforce in its

construction".

Thus, the development of the plant fostered social and environmental

responsibility programs, especially highlighting the work of Atlas and its

employees with the community of Maria Elena, through various initiatives aimed

at promoting diversity, inclusion, and local participation in the project.

One of the most outstanding projects was the "We are part of the same energy

<https://youtu.be/GPuefdBrDvQ>" program, which provided technical skills

training in the assembly of solar modules and electricity to 66 women neighbors

of the commune so that they could have access to opt for jobs within the

construction of the plant as well as for other projects being built in the

area. Thanks to this program, to which the contractors participated in, the

construction of Sol del Desierto was able to add 135 women in different

operational and supervisory jobs, elevating female representation in the

construction of a solar project from a traditional 2% to 15%.

In addition, due to its commitment to the environment and respect for nature

and the communities, Atlas Renewable Energy developed a series of initiatives

to protect the local culture and the environment. One of these was a plan to

protect a series of heritage road traces <https://youtu.be/HSk7fUvbBPA>,

trails, and railroad lines that were in use during Chile's saltpeter boom. In

addition, 42 objects were collected that testify to the daily life of that era,

which are being studied in Santiago and will later be transferred to the Museum

of Natural History in Antofagasta. In addition, a program for the rescue,

relocation, and monitoring of lizards living near Sol del Desierto was

executed. This with the objective of protecting these reptiles prior to the

construction of the plant.

Investment plans in Chile

Chile is one of the countries where a relevant growth of the industry is

projected in the coming years, due to the decarbonization policy adopted by the

government and the growing demand for clean and low-cost sources for the supply

of large private consumers such as the mining industry. Atlas Renewable Energy

is betting heavily on this market, focusing on technologies such as wind,

solar, and storage.

In just a few years, Atlas has developed projects in Chile with a clear focus

on the long term, both with its commercial partners and at the level of supply

to regulated customers. In the country, the company sums a total of 441 MW, and

in the region, a total of 2,268 MW of contracted projects across Chile, Mexico,

Brazil and Uruguay, which contribute to the energy transformation of Latin

America toward cleaner sources. The company expects to continue consolidating

its presence in the countries where it already operates and expand into other

regions with innovative and sustainable energy projects.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that has been

developing, financing, constructing, and operating renewable energy projects

under long-term contracts throughout the Americas since 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, raised by Actis, one of

the leading private equity investors in the energy sector. Atlas Renewable

Energy's growth is focused on the most stable markets in the region, using its

proven expertise in development, marketing, and structuring to accelerate the

transformation to clean energy. By actively engaging with the community and

stakeholders at the heart of its strategy, the company works every day to

deliver a cleaner future.

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

Contact: Dave Chambers / dchambers@headlandconsultancy.com / +44 (0) 75 5788

7405

Photo - https://mma.prnewswire.com/media/1770857/Atlas_Renewable_Energy_1.jpg

Source: Atlas Renewable Energy