Atlas Renewable Energy obtains $150mm for solar project

Atlas Renewable Energy has secured a $150 mm loan from IDB Invest and DNB Bank ASA (Norway) to finance the construction of the Lar do Sol – Casablanca project, a 359 MWp solar power plant that will provide clean energy to Anglo American’s operations in Minas Gerais. The plant is expected to generate 805 GWh per year. This power purchase agreement is, to date, the largest involving a solar energy project to supply clean energy to a private consumer in Brazil and indexed in US dollars.

Source: Canal Energia