Hydro Rein, Atlas Renewable Energy and ALBRAS are jointly developing a 438 MW solar plant in Brazil.
The companies are all set to form a joint venture Boa Sorte to develop, build and operate the project, which will supply renewable power to Albras' primary aluminum plant.
The project is based in Paracatú, in the state of Minas Gerais in Brazil.
As per a local report, "Albras within the scope of the self-production project has signed a US dollar denominated PPA with Boa Sorte." The agreement is for an annual supply of 815 GWh from 2025 to 2044.
It has been reported that this agreement covers 12% of Albras' annual power consumption.
The Albras primary aluminum plant is the largest producer of primary aluminum in Brazil with an annual capacity of 460,000 tons. It is located in the Brazilian state of Pará.
According to the companies, the Boa Sorte solar plant comprises over 800,000 bifacial modules. The plant will provide enough energy to avoid the emission of 61,500 tons of CO2 annually, it stated.
The construction of the Boa Sorte solar plant will start by the end of 2022, and operations are planned to start by the end of 2023.