Atlas Signs PPA with Enel for supply of 1.3 TWh/year of Wind Power

USA's Atlas Renewable Energy Inks PPA for 902 MW Solar Project

The USA-based Atlas Renewable Energy announced that it has signed a long term power purchase agreement (PPA) with Enel Generación Chile for 1.3 TWh/year with the development of its first wind power project. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. Atlas Renewable Energy is part of the Energy Fund IV, raised by Actis, one of the leading private equity investors in the energy sector. The company has over 1 GW of early-stage to fully operational projects across Latin America.

The official statement of the company states that 1.3 GWh a year is equivalent to powering the homes of 628,512 families in Chile, avoiding 671,488 tons of carbon pollution and equivalent to getting rid of about 145,975 cars from the streets of Santiago, the Chilean capital.

The Alpaca Portfolio of Atlas Renewable consists of three wind projects. They will be operational in 2025 and will be located in the Araucania, Los Lagos and Maule regions.

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Solar added, “We are very proud to expand our work to the south of the country. Atlas already has a presence in Antofagasta, Atacama, and the Metropolitan Region. But with these projects, we’ll expand into Chile’s south and establish a presence in six regions of the country.”

Atlas Renewable says that with the signing of this PPA, the company solidifies itself as the preferred partner for large-scale utilities in Latin America to procure clean and renewable energy.

The construction of the project will facilitate the development of localized social programs designed by Atlas. It will prioritize the inclusion and development of the local labor force.

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Previously, Atlas Renewable had signed a PPA with Engie to develop a solar power plant at Sol del Desierto, located in the Atacama desert. It has recently become operational.