Project Finance Brief: Atlas Gets $67 Million to Finance a 187 MW Solar Project in Brazil

Neoen achieves financial closure for a 400 MW Queensland solar project

November 2, 2020

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Atlas Renewable Energy, a renewable energy company in Latin America, has obtained a $67 million loan from IDB Invest, a member of IDB Group, and DNB Bank ASA (Norway) to finance the construction of 187 MW Jacaranda solar project being developed by Atlas in Brazil. The loan was secured from IDB Invest, including the Clean Technology Fund and the Canadian Climate Fund for the Private Sector in the Americas – Phase II, both administered by IDB Invest, which provided a portion of the loan, together with participation from DNB Bank ASA.

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