Atlas Renewable Energy has secured a roughly BRL 1 billion ($179 million) financing package from Brazil’s National Bank for Economic and Social Development (BNDES). The financing is for the construction of the Draco Solar Complex, which is situated in Minas Gerais, Brazil.
The solar complex will consist of 11 photovoltaic power plants with a combined installed capacity of 505 MWac. Further, it also involves the construction of a 500 kV substation and a single-circuit, 15 km transmission line connecting to Brazil’s National Interconnected System (SIN). The project is anticipated to commence operations in early 2026.
Earlier in April 2025, Atlas Renewable Energy secured $510 million financing for the Estepa project. It is a hybrid solar photovoltaic and battery energy storage system (BESS) project located in Chile’s Antofagasta region. The project features a photovoltaic solar plant with an installed capacity of 215 MW and an estimated generation of 600 GWh per year.
