Atlas Renewable Energy has obtained a $150 million loan from IDB Invest to finance the construction of its 359-megawatt Lar do Sol – Casablanca solar project in Brazil.
This is the largest contract with a solar project, supplying clean energy to a private offtaker in Brazil, to date. The project will provide clean energy to Anglo American's operations in Minas Gerais.
The Casablanca solar plant is part of Anglo American's strategy to transition to 100 percent renewable energy for its operations in Brazil by 2022, and reduce 30 percent of its global carbon dioxide emission by 2030.
The plant will generate 805 gigawatt hours of energy per year and power the equivalent of 390,000 Brazillian households, avoiding 50,000 tons of carbon-dioxide emissions.
