Through a joint venture (JV) between the two companies, Atlas will build the project as part of the Luiz Carlos Solar Photovoltaic Complex in the Southeastern state of Minas Gerais.
Brazilian renewable energy company Detronic Energia has formed a partnership with investment advisor Appian to develop 20 ready-to-build solar parks with a total capacity of 62.4MWp in Minas Gerais.
Latin America-focused solar developer Atlas Renewable Energy has secured a US$210 million loan from the Brazilian Development Bank (BNDES) to finance its 438MW Boa Sorte solar project in Brazil.
Latin America-focused solar developer Atlas Renewable Energy has secured a BRL406 million (US$76 million) loan from Brazil's BNB development bank for the construction of a 239MW solar PV project.
Energy major Shell and Brazilian steel company Gerdau have penned a 50-50 joint venture (JV) agreement for the development, construction and operation of a 260MWp solar PV project in the solar hotbed state of Minas Gerais.