Latin American Solar Developer Atlas Renewable Energy Targets Brazil

Atlas Renewable Energy has recently added Brazil to its portfolio of Latin American investment countries, with the start-up of the 67.1 megawatt São Pedro solar plant in Bom Jesus da Lapa, state of Bahia. Already holding a 1.2 gigawatt solar portfolio in Latin America, the second-largest in the region, the Miami-based group has built solar plants in Chile, Mexico, and Uruguay since it was formed in 2017. Atlas also has won awards for its novel financing structures, melding smaller private placements with larger international investors and with multilateral development banks, all at different rates of return. A December award involved the 59 MW El Naranjal and the 17 MW Del Litoral photovoltaic projects in Salto, Uruguay, in partnerships with DNB Markets and IDB-Invest. The award came from Bonds & Loans Latin America Awards 2019, in the category of Structured Bond Deal of the Year.