Astronergy to Supply 80MW Solar Modules for Atlas Renewable Energy Project in Brazil

HANGZHOU, China, December 20, 2017

Chint Solar/Astronergy signed an 80MW PV module supply contract with Atlas Renewable Energy, which is developing an 80MW solar power plant located in Aquiraz, Ceará, Brazil. The project, Sol do Futuro, is scheduled to be delivered by the second quarter of 2018.

Brazil has abundant and regular sunlight, and has been developing the solar industry rapidly in recent years. The Brazil government plans to increase the installed capacity from 2015 to 2024 by 67GW, an increase of some 48% of the total energy in Brazil. The significant potential market for solar modules in Brazil creates many opportunities for Chinese enterprises to grow their businesses in this region.

Astronergy CEO Dr. Lu, Chuan said: “With the Belt and Road Initiative and the promising global solar market, we are paying more attention to emerging markets in South America, especially Brazil. Atlas is quite professional in developing PV projects and we would like to establish long-term and strategic partnership with them.”

Atlas Renewable Energy CEO, Carlos Barrera said: “Atlas Renewable Energy aims to continue developing and investing in high-quality projects across Latin America. We are selective in choosing suppliers to work with and we seek to establish robust relationships that are enduring. We are pleased to work with Astronergy on this exciting Sol do Futuro project.”

About Astronergy

Astronergy is a specialized subsidiary of the CHINT group and is engaged in the field of the PV power station development and PV module production. Astronergy is currently one of the largest domestic PV power generation enterprises with 3500MWp of PV Power Stations and 2500MWp module production capacity. The Company’s total registered capital is up to RMB 5.32 billion. Depending on the advantage of CHINT group’s full industrial chain and the professional teams, Chint can provide the one-stop solution of PV power station to our customers. In 2014, Astronergy acquired the PV module factory located in Frankfurt Germany and it had become the first domestic merger and acquisition of German PV module producer. The local government also named a main road as “CHINT Avenue”.

About Atlas Renewable Energy

Atlas Renewable Energy was established in 2017 as a renewable energy developer formed by the private investment firm Actis through the acquisition of the previous SunEdison Latin America team and asset base. Atlas Renewable Energy is a regional Latin American solar and wind platform, with some 600MW in contracted projects in operation, construction or advanced development stages and over 1GW in early stage projects.

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