Hydro Rein, Atlas Renewable Energy and ALBRAS are forming a joint venture to develop, build and operate a self-production project through a solar plant, which will be located in Paracatú, in the state of Minas Gerais, Brazil, with a planned total installed capacity of 438 MW. The project will supply long-term renewable power to Albras’ primary aluminum plant. Hydro Rein and Atlas Renewable Energy are forming a joint venture to develop and build the Boa Sorte solar plant, which will be located in Paracatú, in the state of Minas Gerais, Brazil, with a planned total installed capacity of 438 MW. The project will supply long-term renewable power to Albras’ primary aluminum plant. The construction of the Boa Sorte solar plant is planned to start in Q4 of 2022, and operations are planned to start in Q4 2023. Total investments are estimated at USD 320 million (100% basis). The project has been submitted to the competition authority (CADE) for clearance. Albras within the scope of the self-production project has signed a US dollar-denominated PPA (power purchase agreement) with Boa Sorte for an annual supply of 815 GWh from 2025 to 2044. The agreement covers 12% of Albras’ annual power consumption. The Albras primary aluminum plant is located in the Brazilian state of Pará and is a joint venture between Hydro and NAAC (Nippon Amazon Aluminium Co. Ltd.). Albras is the largest producer of primary aluminum in Brazil with an annual capacity of 460,000 tons and supplies both domestic and international markets. The Boa Sorte solar plant will contain more than 800,000 bifacial modules, which will provide enough energy to avoid the emission of 61,500 tons of CO2 annually.
Hydro Rein, Atlas Renewable Energy and ALBRAS are forming a joint venture to develop, build and operate a self-production project through a solar plant, which will be located in Paracatú, in the state of Minas Gerais, Brazil, with a planned total installed capacity of 438 MW. The project will supply long-term renewable power to Albras’ primary aluminum plant. Hydro Rein and Atlas Renewable Energy are forming a joint venture to develop and build the Boa Sorte solar plant, which will be located in Paracatú, in the state of Minas Gerais, Brazil, with a planned total installed capacity of 438 MW. The project will supply long-term renewable power to Albras’ primary aluminum plant. The construction of the Boa Sorte solar plant is planned to start in Q4 of 2022, and operations are planned to start in Q4 2023. Total investments are estimated at USD 320 million (100% basis). The project has been submitted to the competition authority (CADE) for clearance. Albras within the scope of the self-production project has signed a US dollar-denominated PPA (power purchase agreement) with Boa Sorte for an annual supply of 815 GWh from 2025 to 2044. The agreement covers 12% of Albras’ annual power consumption. The Albras primary aluminum plant is located in the Brazilian state of Pará and is a joint venture between Hydro and NAAC (Nippon Amazon Aluminium Co. Ltd.). Albras is the largest producer of primary aluminum in Brazil with an annual capacity of 460,000 tons and supplies both domestic and international markets. The Boa Sorte solar plant will contain more than 800,000 bifacial modules, which will provide enough energy to avoid the emission of 61,500 tons of CO2 annually.
