Atlas Renewable Energy has signed a solar power-purchase agreement (PPA) with Albras, the largest primary aluminum producer in Brazil.
Atlas will supply sustainable solar energy to Albras for 21 years, the longest term ever signed in Latin America for a corporate renewable-energy PPA. The energy will be supplied by the Vista Alegre Photovoltaic Project, with operations expected to start in 2025. The plant will be in the state of Minas Gerais, with an installed capacity of 902 megawatts, and will generate approximately 2 terawatt hours per year.
“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 closing of our second contract with Albras attests to our ability to provide a compelling tailored energy solution to our customers. Furthermore, it offers predictability to the energy management of our customers looki