March 11, 2020 Read More →

Atlas Renewable to build 330MW solar plant for Anglo American’s Brazilian mining operations

PV Tech:

Atlas Renewable Energy has signed an R$881 million (US$190 million), 15-year solar power purchase agreement (PPA) with the Brazilian arm of mining giant Anglo American. The deal will support the development of a 330MW PV plant in Pirapora Municipality in the southeastern state of Minas Gerais.

The 613GWh-per-year deal – which is set to start in 2022 – is the “largest bilateral large-scale solar energy purchase and sale contract in Brazil to date,” according to a joint press release published on Tuesday.

Construction of the Casablanca solar plant will start in the second half of 2020 and last less than a year, according to an Atlas Renewable Energy spokesperson

Once the solar plant and another, separately brokered wind project in Brazil come online, Anglo American will source 90% of its energy for its Brazil operations from renewables, according to the press release. The miner wants to increase that number to 100% within the next two years.

Miami-headquartered Atlas Renewable Energy is owned by British investment fund Actis and works in Chile, Brazil, Mexico and Uruguay. It has four operational projects in Brazil: the 156MW Juazeiro and 67.1MW São Pedro plants in Bahia; the 81MW Sol do Futuro facility in Cearà; and the 112MW Sertão Solar plant in Barreiras.

An Atlas Renewable Energy spokesperson said the power would be supplied to Anglo American’s “iron and nickel mining facilities” but did not divulge specifics. Anglo American’s Minas-Rio iron ore operation in Minas Gerais is one of the largest mines in the world and is set to become even bigger, having won approval to boost production in December. The company also owns a nickel mine in the state of Goiás, which neighbors Minas Gerais.

[Cecilia Keating]

More: Anglo American inks US$190m deal with Atlas for Brazilian PV

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