Atlas repeats its alliance with Albras, the largest aluminum producer in Brazil, in an unprecedented 21-year US dollar power purchase agreement.
SAO PAULO, April 27, 2023 /PRNewswire/ -- Atlas Renewable Energy, a leading international renewable energy company, has just entered into a power purchase agreement with Albras, Brazil's leading aluminum producer. Under this US dollar contract, Atlas will supply sustainable solar energy to Albras for 21 years, representing the longest term for the longest corporate renewable energy purchase agreement to date in Latin America.
The Vista Alegre photovoltaic project, whose start of operations is scheduled for 2025, will be in charge of supplying energy to Albras under this contract. Located in the state of Minas Gerais, the plant will have a nominal capacity of 902 MWp and will generate approximately 2 TWh per year, which is equivalent to removing more than 61,800 cars from the streets of Sao Paulo and offsetting approximately 154,000 tons of CO emissions. year.
"This is an important step for Atlas in our journey to continue to dedicate ourselves to our alliances with corporate clients in order to support their transition to clean energy. The execution of our second contract with Albras demonstrates our ability to offer exciting energy solutions that directly serve the needs of our clients.In addition, it offers predictability in the management of our clients' energy consumption, allowing them to achieve their sustainability goals.The scale and validity of this contract highlights Atlas's ability to satisfy the needs of large energy consumers with an execution reliable, while integrating environmental, social and governance (ESG) programs in line with its values," says Carlos Barrera, CEO of Atlas Renewable Energy.
With this new energy purchase agreement, the alliance between Atlas and Albras will allow the generation of an amount of renewable energy equivalent to that needed to feed a city of around 3 million inhabitants, such as Brasília, for example.
In addition, Atlas' Vista Alegre plant will implement socio-environmental programs in order to generate long-term benefits and promote sustainable practices in the surrounding communities. "We are part of the same energy", Atlas' flagship social program, will be part of these actions with the aim of promoting diversity and inclusion within the renewable energy sector. The program contemplates the training of women from the towns near the plant in technical skills and the mobilization of Atlas contractors to include them in their recruitment processes. With this, the company intends to achieve a female representation of more than 15% in the construction of the plant.
About Atlas Renewable Energy
Atlas Renewable Energy is an international renewable energy generation company with more than 4 GW of contracted projects, of which 2.2 GW are currently operational. Atlas has specialized in the development, financing, construction and operation of renewable energy projects throughout the Americas since the beginning of 2017. The company is made up of an experienced team with deep knowledge of the global energy market and renewable energy, which has the track record largest within the renewable energy industry in America and Europe.
The company's strategy focuses on helping large companies transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction and operation of large-scale projects, as well as its extensive track record in environmental, social and governance (ESG) issues and sustainable development.
For more information, visit www. AtlasRenewableEnergy.com
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