Enertis Applus+, a global quality control and testing company, was recently selected as the technical advisor for the 438 MW Boa Sorte solar PV plant, in Brazil. It will offer technical advice for solar developer Atlas Renewable Energy, Brazilian bank Ita, and French bank Credit Agricole CIB.
Enertis Applus+ is in charge of the project construction. It will continue to supervise the next phases of the project, delivering specified technical reports for construction and commissioning. It has an aim of obtaining provisional approval by June 2024.
The solar PV plant, which is situated in Paracat, Minas Gerais, Brazil, is one of Atlas Renewable Energy’s projects in its portfolio.
The photovoltaic (PV) industry in Brazil is undergoing rapid growth. It is said that Enertis Applus+ is dedicated to supporting the implementation of renewable energy projects in Brazil. According to Aitor Ilundain, the regional manager of LatAm South at Enertis Applus+, the company’s goal is to provide high-quality technical competency. It also seeks to offer professional consultative services in the financing and purchasing of these installations.
The Boa Sorte solar PV plant project funding
For the purpose of funding the Boa Sorte solar PV plant project in Brazil, Atlas Renewable Energy obtained a US$210 million loan. This loan was provided by the Brazilian Development Bank (BNDES) in January.
Engineering, procurement, and construction (EPC) were all evaluated during the financing stage by Enertis Applus+. They also looked into power purchase agreements (PPAs) and operation and maintenance (O&M). Additionally, the company considered project design, energy output estimates, and grid connection.
Apart from this photovoltaic plant, in September, 600 MW of solar photovoltaic plants in Brazil were also commissioned by Atlas Renewable Energy. These plants are located in Lar do Sol and Casablanca. They have installed capacities of 239 MW and 359 MW, respectively.
At both projects, Atlas signed long-term PPAs with major firms. The company entered into a 15-year agreement with mining company Anglo American to sell electricity from the Casablanca project. In 2021, it also obtained a 19-year power purchase agreement (PPA) to sell power produced from the Lar do Sol plant to Unipar. Unipar is a South American company that produces chlorine.