Brazil's Atlas Renewable inks 9 TWh solar PPA with Anglo American

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.

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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.

(BRL 1 = USD 0.215/EUR 0.190)