Hydro, Atlas, and Albras to build solar power plant in Brazil

Hydro, Atlas, and Albras to build solar power plant in Brazil

05 May 2022

Hydro Rein has created a joint venture (JV) with Atlas Renewable Energy and Albras to invest US$320m to build the 438MW Boa Sorte solar power plant in Brazil.

The joint venture will develop, build and operate the solar power plant in Paracatú, Minas Gerais. Hydro Rein disclosed that it has a 33.3% stake in the project.

Over 800,000 bifacial modules are anticipated to be installed in the Boa Sorte solar plant. These will generate enough renewable energy to reduce CO2 emissions by 61,500 tons per year.

The project has been submitted to the Administrative Council of Economic Defense (CADE), the Brazilian competition authority, for clearance.

According to Atlas Renewable Energy, the solar plant is expected to start construction in the fourth quarter of 2022. Operations are scheduled to commence in the fourth quarter of 2023.

For more information, please visit EICDataStream.

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