Atlas Renewable Energy and Brazilian primary aluminum producer Albras have signed a 21-year sustainable energy supply agreement, the largest PPA (Power Purchase Agreement) ever signed in Latin America.
The renewable energy that will serve the new PPA with Albras will come from the Vista Alegre Photovoltaic Project, scheduled to start operations in 2025. Located in Minas Gerais, the project has 902 MWp of installed capacity and will generate approximately 2TWh/year.
The energy that can be generated by the park is equivalent to taking more than 61.800 cars off the streets, in addition to offsetting around 154 thousand tons of CO2 emissions per year.
“This is a very important step for Atlas. We are closing the second contract with Albras, which attests to our ability to provide competitiveness and predictability to our clients’ energy management to achieve their sustainability goals,” says Luís Pita, director of Atlas Renewable Energy in Brazil.
“The model of this contract has been consolidating itself as one of the great solutions in energy supply for companies, with advantages in ESG and economic guidelines, in addition to preserving the planet with the consumption of renewable energy”, he added.
With this new contract, Atlas will continue to enable ESG practices to generate long-term benefits and promote sustainable practices for surrounding communities.
“We are all part of the same energy”, Atlas' flagship social program, will be implemented to promote diversity and inclusion in the renewable energy sector by training local women in technical skills and mobilizing its hires to include them in their recruitment process , with the aim of achieving more than 15% female representation in the construction of the plant.
Albras is one of the largest producers of primary aluminum in Brazil and, since 1985, has been supplying the domestic and foreign markets with aluminum ingots. Hydro is the company's main shareholder, with 51% of the shares in this joint venture. The other shareholder is NAAC (Nippon Amazon Aluminum Co).
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