Atlas Renewable Energy signs 902MWp corporate PPA with Brazilian aluminium producer

April 27, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
The deal is the longest-duration corporate PPA in Latin America. Image: Atlas Renewable Energy

Atlas Renewable Energy has signed a power purchase agreement (PPA) with Brazil’s largest aluminium producer for its 902MWp PV project in the state of Minas Gerais.

Set to run for 21 years and financed in US dollars, the agreement is the longest corporate PPA ever agreed in Latin America. Atlas has now agreed a number of PPAs in US currency after a law was changed at the end of last year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

 The solar farm is expected to begin commercial operations in 2025 and generate approximately 2TWh annually.

“This is an important step for Atlas as we continue our focus to partner with corporate customers to support their energy transition to clean energy,” said Carlos Barrera, CEO of Atlas Renewable Energy.

“The scale and term of this deal underscores Atlas’ ability to address the needs of large energy consumers with reliability of execution, while fostering best in class ESG programs in line with their values.”

The company said that it would commit to upholding ESG practices to benefit communities nearby the project. In particular it highlighted plans to train local women in technical skills with a view to achieving over 15% female workforce during the construction of the plant.

Last October, US-based fund manager Global Infrastructure Partners acquired Atlas Renewable Energy and its assets. At the time of the acquisition the company had over 2.3GW of installed solar PV capacity across Latin America.

Read Next

January 9, 2026
The Chinese Ministry of Finance and the Taxation Administration issued an adjustment of export rebate policies for solar PV products and other items.
January 9, 2026
The US has withdrawn from a number of UN climate organisations, including the Framework Convention on Climate Change, International Renewable Energy Agency (IRENA) and Intergovernmental Panel on Climate Change.
January 8, 2026
US renewables developer Adapture Renewables has secured US$233 million in tax equity from US Bank to support its 441MW Titanium solar PV project portfolio.
January 8, 2026
Solar manufacturing major Canadian Solar is looking to raise US$200 million in convertible senior note sales to support its US manufacturing operations
January 7, 2026
Oil and gas explorer Pilot Energy has entered into a binding head of agreement with SN Energy Australia for the joint development of a new solar-plus-storage project at Three Springs, Western Australia.
January 6, 2026
Potentia Energy has raised AU$830 million in portfolio financing to support its renewable energy operations and development across Australia.

Upcoming Events

Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
November 24, 2026
Warsaw, Poland