Atlas Renewable Energy and Dow announce the signing of a Solar Energy PPA in Brazil

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SÃO PAULO, June 30, 2020 /PRNewswire/ — Atlas Renewable Energy, a leading renewable energy company in Latin America along with the American material science multinational company Dow (NYSE: DOW) announced today the signing of a large-scale solar energy contract in Brazil. The clean energy supply will be through the Jacaranda photovoltaic solar plant, located in Juazeiro, the State of Bahía, and is expected to supply over 440GWh per year that will mostly be used to serve Dow under a 15-year duration contract, with offtake starting in the first half of 2021.
The Jacaranda solar plant will have an installed capacity of 187MWp with more than 450,000 modules. The plant will generate enough energy to supply a sizable part of Dow’s Aratu Site’s energy needs. According to the average consumption of a Brazilian family, the amount of energy generated will be equivalent to supply enough power to a city of +750,000 inhabitants. Furthermore, the plant will avoid an approximate of 35,000 metric tons of CO2 emissions per year based on the GHG (Green House Gases) Protocol, methodology developed by the World Resources Institute which follows the methods used by the IPCC (Intergovernmental Panel on Climate Change) and it is aligned with Dow’s Global Emissions Inventory. This …

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