PR95559

SANTIAGO, Chile, April 20, 2022 /PRNewswire=KYODO JBN/ --

Atlas Renewable Energy (Atlas) marks a new milestone with the development of

its first wind power project with a long-term power purchase agreement (PPA)

with Enel Generacion Chile S.A. for 1.3 GWh/year. The portfolio's three wind

projects total 417 MW throughout Chile, helping accelerate its clean energy

transition.

"Our first wind energy project solidifies our position as a company capable of

developing different renewable technologies and adapting to the needs of

customers in multiple markets across the globe," said Alfredo Solar, general

manager of Atlas Renewable Energy in Chile.

Enel Generacion Chile Trading and Commercialization Manager, Alfredo Hott,

said: "With this agreement, Enel complements its renewable energy portfolio

with additional wind power to offer its customers clean and competitive energy,

in line with the contribution that the company is making to promote the

country's energy transition."

Atlas' Alpaca Portfolio consists of three wind projects that are set to begin

operation in 2025. They will be located in the Araucania, Los Lagos and Maule

regions of Chile.

"We are very proud to expand our work to the south of the country. Atlas

already has a presence in Antofagasta, Atacama, and the Metropolitan Region.

But with these projects, we'll expand into Chile's south and establish a

presence in six regions of the country," Solar said.

With the signing of this PPA, Atlas solidifies itself as the preferred partner

for large-scale utilities in Latin America to procure clean, renewable energy.

Previously, Atlas signed a similar PPA with Engie to develop Sol del Desierto,

a solar plant located in Chile's Atacama desert, which recently began

operations.

1.3GWh/yr is equivalent to powering the homes of 628,512 families in Chile,

avoiding 671,488 tons of carbon pollution and equivalent to getting rid of

about 145,975 cars from the streets of Santiago.

The construction of the project will facilitate the development of localized

social programs designed by Atlas and will prioritize the inclusion and

development of the local labor force. Similar programs that were developed

during the construction of Sol del Desierto. One of that project's initiatives

was the "We are part of the same energy" [https://youtu.be/GPuefdBrDvQ]

program, which provided technical trainings to 66 local women, enabling them to

apply for skilled jobs during the construction of the project as well as in

other local jobs.

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 renewable 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

Source: Atlas Renewable Energy