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Atlas Renewable Energy secures US$3 billion for Latin American solar-plus-storage projects

PV Tech · last updated

Atlas said the money would support “continued growth” in clean energy infrastructure, including solar and BESS assets located “primarily” in Chile, alongside additional projects in Brazil and Mexico. The company did not specify the technologies used in these projects, nor their capacity, nor their operating status, and PV Tech has asked for further clarification on these points.

“Securing a refinancing of this magnitude is a strong vote of confidence from global financial institutions for our brand and forward strategy in the region,” said Atlas Renewable Energy CEO Carlos Barrera. “This refinancing is also a sign of the company’s financial maturity and will support its next phase of growth.”

Latin America has become a priority for the company in the last year, having advanced a number of projects in the region. In January, Atlas signed a power purchase agreement (PPA) for a Colombian solar PV project; last October, it raised finance to deploy a solar-plus-storage project in Chile; and in July, it secured US$179 million for a solar complex in Brazil.

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