Atlas Renewable Energy, a global renewable energy leader, secured a 15-year power purchase agreement (PPA) with Codelco, the world’s largest copper producer. The deal involves supplying 375 GWh of 24/7 renewable energy annually from a new Chilean project with integrated battery storage, starting in 2026. The agreement is the result of Codelco’s public tender, which was awarded to Atlas and marks Atlas’ entry into the battery storage business.
Atlas, Codelco sign 15-year PPA for 375 GWh renewable energy
Atlas Renewable Energy and Codelco have signed a 15-year PPA for 375 GWh of renewable energy. (Image Credit: Atlas Renewable Energy).
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)