US-based clean energy company Atlas Renewable Energy has acquired Juramento, a 378MW wind farm in Minas Gerais, Brazil, from Voltalia, a French energy corporation.
The Juramento farm, which is Atlas Renewable Energy’s first wind farm in Brazil, consists of 63 wind turbines with the capacity to generate 1,650 GWh of clean electricity per year, enough to power nearly 800,000 local households. Furthermore, the facility is capable of offsetting about 123,750 tonnes of carbon dioxide emissions per year.
Atlas Renewable Energy Brazil general manager Luis Pita remarked that with the new Juramento farm, the company will continue to develop and diversify their product offering throughout all the locations where they operate.
He added that the project is currently available to any major energy consumer seeking a power purchase agreement (PPA) to transition from conventional to renewable energy sources.
The transaction structure will be reviewed and finalized in the following weeks by Brazil’s Administrative Council of Economic Defense (CADE).
Juramento is Atlas Renewable Energy’s second wind project acquisition since signing a power deal with Enel Energa Chile last month for the development of the 417 MW Alpaca wind portfolio. The company stated that Juramento currently has no PPA in place and that it is accessible to any off takers seeking renewable energy in Brazil.
Atlas Renewable Energy has ramped up its development in Latin America in recent years. The energy company inked a large-scale solar PPA with material science company Dow in Brazil in July 2020. The Jacaranda photovoltaic (PV) solar farm, located in the Brazilian state of Baha, will provide sustainable electricity to Dow for 15 years.
It has over 450,000 solar modules and is intended to offer a peak capacity of 187 MW while offsetting roughly 35,000 tonnes of carbon emissions per year.