Brazil's Atlas Renewable inks 9 TWh solar PPA with Anglo American
Solar photovoltaic plant in Brazil
Energy firm Atlas Renewable Energy has signed a 15-year power purchase agreement (PPA) with British miner Anglo American plc (LON:AAL) for a total of 9 TWh of solar power.
The PPA will become effective in 2022 and will see Atlas supply 613 GWh yearly from its 330-MW Atlas Casablanca photovoltaic (PV) park. The deal represents an investment of BRL 881 million (USD 189.7m/EUR 167.8m), Atlas said in a press release.
Located in the state of Minas Gerais, the solar farm will consist of more than 800,000 modules, which are expected to produce enough power to meet the demand of a city of 1.4 million inhabitants, once completed.
This agreement is part of Anglo American's plan to cover its power consumption in Brazil with 100% renewables as of 2022. It also aligns with the Anglo American Sustainable Mining Plan that aims to, among other things, reduce by 30% the group's carbon dioxide (CO2) emissions by 2030.