Atlas Renewable Energy (Atlas) marks a new milestone with the development of its first wind power project with a long-term power purchase agreement (PPA) with Enel Generación Chile S.A. for 1.3 GWh/year. The portfolio’s three wind projects total 417 MW throughout Chile, helping accelerate its clean energy transition. Atlas’ Alpaca Portfolio consists of three wind projects that are set to begin operation in 2025. They will be located in the Araucania, Los Lagos and Maule regions of Chile. With the signing of this PPA, Atlas solidifies itself as the preferred partner for large-scale utilities in Latin America to procure clean, renewable energy. Previously, Atlas signed a similar PPA with Engie to develop Sol del Desierto, a solar plant located in Chile’s Atacama Desert, which recently began operations. 1.3GWh/yr 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 construction of the project will facilitate the development of localized social programs designed by Atlas and will prioritize the inclusion and development of the local labor force. Similar programs that were developed during the construction of Sol del Desierto. One of that project’s initiatives was the “We are part of the same energy” program, which provided technical trainings to 66 local women, enabling them to apply for skilled jobs during the construction of the project as well as in other local jobs.
Atlas Renewable Energy is a renewable energy generation company that has been developing, financing, constructing, and operating renewable energy projects under long-term contracts throughout the Americas since early 2017. Atlas Renewable Energy includes an experienced team with the longest track record in the renewable energy industry in Latin America. The company is recognized for its high standards in the development, construction, and operation of large-scale projects. Atlas Renewable Energy is part of the Energy Fund IV, raised by Actis, one of the leading private equity investors in the energy sector. Atlas Renewable Energy’s growth is focused on the most stable markets in the region, using its proven expertise in development, marketing, and structuring to accelerate the transformation to clean energy. By actively engaging with the community and stakeholders at the heart of its strategy, the company works every day to deliver a cleaner future.