Atlas Renewable Energy, a US-based renewable energy company, has purchased Juramento, a 378MW wind farm in Minas Gerais, Brazil, from Voltalia, a French energy company, Power Technology has reported.
The Juramento wind farm includes 63 turbines and can create 1,650GWh of clean energy each year, which is enough to power nearly 800,000 Brazilian households.
The facility has the capacity to offset about 123,750 tonnes of CO2 per year.
Atlas Renewable Energy has bought its first wind plant in Brazil.
According to Power Technology, the deal’s financial terms have not been revealed.
Luis Pita, general manager of Atlas Renewable Energy Brazil said that with Juramento, they continue to grow and expand their product offering throughout all of the locations where they operate.
He also stated that any big energy user searching for a power purchase agreement (PPA) that wants to shift from conventional to renewable energy sources can now take advantage of this programme.
Over the next few weeks, Brazil’s Administrative Council of Economic Defense (CADE) will analyze and finalize the structure of the deal, Power Technology writes.
After signing a PPA agreement with Enel Energía Chile last month for the development of the 417MW Alpaca wind portfolio, Atlas Renewable Energy has bought its second wind project, Juramento.
Juramento presently has no PPA in place, according to the company, but it is available to any off-takers looking for renewable energy in Brazil.
Atlas Renewable Energy and Dow, a Material Science company inked a large-scale solar PPA in Brazil in July 2020.
The Jacaranda photovoltaic (PV) solar farm, which is located in the Brazilian state of Bahía, will provide Dow with renewable electricity for 15 years.
The solar farm has over 450,000 solar modules, which are intended to offer a peak capacity of 187MW and offset roughly 35,000 tonnes of CO2 per year.