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Atlas Renewable Energy and Votorantim Cimentos, a Brazil-based construction materials and sustainable solutions company, have signed a Power Purchase Agreement (PPA) to supply and purchase, respectively, 100 MW of solar energy for the next 15 years.
The 100 MW of solar energy will be used to support the needs of Votorantim Cimentos' production units and distribution centers located in the South, Southeast, and Midwest regions of Brazil. This will generate around a third of Votorantim Cimentos’ energy consumption in the country, equivalent to powering around 424,000 homes.
Parties
Company
Atlas Renewable Energy
Company
Votorantim Cimentos
Deal Type
Joint VentureIndustry
EnergyTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date