Atlas Renewable Energy And Anglo American Announce The Largest Bilateral Solar Energy PPA In Brazil

Atlas Renewable Energy's Atlas Casablanca Solar Plant will supply 613GWh from 2022, being the largest bilateral large-scale solar energy purchase and sale contract in Brazil to date.

PVTIME - Atlas Renewable Energy, a leading renewable energy company
in Latin America along with British mining
company Anglo American Plc, a leading global mining company, announced today
the signing of the largest solar energy purchase and sale contract in Brazil with an investment of 881
Million Brazilian Reals. The clean energy supply will be through the
Atlas Casablanca photovoltaic solar plant, located in the State of Minas
Gerais, and is expected to supply about 9 TWh during the life of the contract
with Anglo American for 15 years and will commence
in 2022.

The Atlas Casablanca solar plant has an installed capacity
of 330MW with more than 800,000 modules. The plant will produce enough energy
to supply a city of 1.4 million inhabitants, according to the average
consumption of a Brazilian family. This contract is part of Anglo American's strategy to use 100% renewable energy
for its operations in Brazil as of 2022 and is
part of Anglo American Sustainable Mining Plan which has among its goals to
reduce by 30% its CO2 emissions by 2030.

Atlas Renewable Energy will use bifacial modules in the
Atlas Casablanca solar plant, a cutting-edge technology in the generation of
solar energy. These novel solar panels are able to use the reflection of the
sun's rays from their front and back sides, increasing the efficiency of the
photoelectric conversion, and therefore increasing the energy generation and
efficiency of the plant.

As part of its commitment to the State of Minas Gerais,
Atlas Renewable Energy will develop, in conjunction with local communities,
plans that contribute to the improvement of their living conditions. During the
construction and operation of the Atlas Casablanca project, different labor
training programs, especially developed for the female work force will be
implemented and the hiring of local labor will be prioritized.

Wilfred Bruijn, CEO of Anglo American in Brazil, commented: "With this agreement and
the contract for the construction of a wind power plant in Bahia signed in
December, we will now be sourcing 90% of our energy from renewable sources,
leading to a 40% reduction in CO2 emissions associated with our

Carlos Barrera, Atlas Renewable Energy CEO mentioned: "Atlas is leading in
the new trend of providing clean energy directly to large energy consumers. The
forms of supply are being transformed, making clean sources available to large
companies, thus reducing their carbon footprint and production costs. Atlas is
proud of pioneering, once again, the bilateral solar PPA in a new Latin
American country. Our team was the first to implement a solar Private PPA in Chile some 8 years ago, and now we do so in Brazil. We would like to acknowledge and congratulate
Anglo-American's leadership for their commitment to become a more sustainable

Luis Pita, General Manager of Atlas Renewable Energy for Brazil, emphasized: "This contract represents
a leadership position by Anglo American to
demonstrate its commitment to the use of renewable energy in its operations, as
well as Atlas's ability to develop bilateral contracts for clean energy supply
with top-level companies that share our interest in protecting and preserving
the environment. The Atlas Casablanca project will be an important step in the
development of the solar power in a state as important as Minas Gerais."

Luiz Ballester, Commercial Director for Atlas Renewable Energy in Brazil, also commented: "This project is an
example of the added value that Atlas can offer thanks to our ability to create
advantageous, low-cost and tailor-made solutions for industrial partners
Ballester, added: "The Brazilian industrial sector is not only
conscious about maximizing its efficiency but also concerned about their carbon
footprint, here is where a company like Atlas comes into play, we have the
expertise and financial capabilities to provide a major differentiator for these
companies by implementing clean energy solutions from development to the full