January 25 (Renewables Now) - British fund Actis’ local arm Atlas Renewable Energy inaugurated on Thursday its first Brazilian photovoltaic (PV) plant, the 67.1-MWp Sao Pedro facility.
Located in the municipality of Bom Jesus da Lapa, Bahia state, the park comprises two sub-plants. It was awarded a 20-year power purchase agreement (PPA) with the Power Trading Chamber (CCEE) through a tender held in 2015.
Sao Pedro consists of 204,120 PV panels, spread over an area of 150 hectares (370.6 acres). The plant is expected to generate 150 GWh of electricity per year, enough to meet the demand of 82,000 homes and offset more than 61,125 tonnes of carbon dioxide (CO2) emissions.
The PV asset was funded by local banks Banco do Nordeste (BNB), BTG Pactual, Banco ABC Brasil Banco and Bradesco SA. In addition to Sao Pedro, Atlas has three other solar plants currently under development in Brazil, Juazeiro (156 MW), Sertao Solar (112 MW) and Sol do Futuro (78 MW).