What Atlas Renewable Energy does

Atlas Renewable Energy is a privately-held renewable energy Independent Power Producer (IPP) founded in 2017 and headquartered in Plantation (Miami), Florida, with operations across seven Latin American and European countries. The company develops, finances, builds, owns, and operates utility-scale solar PV, wind, and battery energy storage projects, with a fleet exceeding 10.8 GW across Latin America and 21 projects totaling 4 GW operational or under construction across Brazil, Chile, Mexico, Colombia, and Uruguay. Atlas pioneered bilateral solar PV PPAs to private off-takers in Latin America without subsidies and was the #1 developer for private off-takers in the region in 2020.

The company's core offering is long-term (15-21 year) bilateral Power Purchase Agreements that supply 24/7 firm clean energy by combining solar, wind, and Battery Energy Storage Systems (BESS) — including Sungrow PowerTitan liquid-cooled storage at the 200 MW / 800 MWh BESS del Desierto project in Chile's Atacama Desert. Atlas integrates engineering, procurement, and construction (with proprietary features including TrueCapture smart tracking, bifacial modules, and digital substations), asset management, and energy commercialization, and operates an I-REC subscription subsidiary (Acierta by Atlas) for smaller commercial buyers in Brazil. The platform serves mining majors (CODELCO, Anglo American, Antofagasta Minerals, CAP Group, Vale via JV), industrial corporates (Dow, Albras, ArcelorMittal, Votorantim Cimentos, Chlorum Solutions, Unipar), data center operators (V.tal/Tecto, ODATA), and utilities (Enel Generación Chile, Engie, CFE Mexico, UTE Uruguay, Colbún).

Atlas's business model converts capital-intensive renewable infrastructure into long-duration, contracted cash flow via USD-denominated PPAs, while raising non-recourse project finance (over USD 5 billion cumulative from BNDES, IFC, IDB Invest, MUFG, Goldman Sachs, BNP Paribas, Santander, Itaú, Bradesco and others) and — as of February 2026 — a USD 3 billion portfolio refinancing, the largest non-conventional renewable energy corporate refinancing in Latin America. Sponsorship transitioned from Actis Group (founding sponsor in 2017) to Global Infrastructure Partners (GIP, now part of BlackRock), which jointly with Vale S.A. acquired a 70% stake in Aliança Geração de Energia S.A., adding approximately 5 GW of solar, wind, and hydro capacity in Brazil.

Name

Atlas Renewable Energy

Legal name

Atlas Renewable Energy

Website

http://www.atlasrenewableenergy.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Atlas Renewable Energy is a privately-held LatAm-focused IPP that develops, finances, and operates utility-scale solar, wind, and battery storage projects under 15-21 year bilateral PPAs serving mining, industrial, data center, and utility off-takers across Brazil, Chile, Mexico, Colombia, and Uruguay.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Electric Bulk Power Transmission and Control (221121)

SIC

Electric Services (4911)

akta.pro primary industry

PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

akta.pro secondary industry

Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)

Keywords

• Renewable energy generation
• Solar power projects
• Wind energy projects
• Battery energy storage
• Power purchase agreements

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Long-term Power Purchase Agreements (PPAs): Primary revenue stream: multi-year (typically 15-21 years) bilateral PPAs with large corporate off-takers and utilities; signed USD-denominated PPAs available; examples include 21-year USD PPA with Albras, 15-year PPAs with Dow, Votorantim Cimentos, CODELCO, CAP Group, Colbun, Chlorum Solutions, Engie. Recurring, contracted cash flows underwritten by credit-worthy sponsors.
2. Renewable Energy Certificates (I-RECs): Subsidiary Acierta by Atlas sells International Renewable Energy Certificates (I-RECs) to companies with operations in Brazil across healthcare, mining, technology, data centers, agribusiness, and real estate; over 300 GWh in I-RECs contracted for delivery by 2025.
3. Strategic asset rotation / project divestitures: Sale of mature operating assets (e.g., sale of two Uruguay solar plants totaling 76 MWp in May 2026) to redeploy capital into new projects and technologies such as BESS. Generates one-time monetization events.
4. Capital structuring & project finance advisory: Atlas structures project finance, capital markets, mezzanine, and non-traditional financing for each project, leveraging relationships with IDB Invest, OPIC, IFC, DNB Markets, Itaú, Santander, Bradesco, Banco do Nordeste de Brasil, BanBras, HSBC, BNDES, and others; >$5B raised in credit products.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Atlas Renewable Energy is a Latin American independent power producer that develops, builds, finances, and operates utility-scale solar, wind, and battery energy storage projects, commercializing the energy through long-term bilateral Power Purchase Agreements (PPAs) of 15-21 years to corporate, industrial, mining, data center, and utility off-takers. Through its Acierta by Atlas subsidiary, it also sells International Renewable Energy Certificates (I-RECs) to companies in Brazil seeking clean-energy attribution without long-term PPAs.

Product overview

Atlas Renewable Energy offers a unified vertically integrated renewable energy platform built around core clean energy supply products — 24/7 PPAs, Customized PPAs / Joint Ventures, and a Regional Energy Portfolio spanning solar, wind, and battery energy storage assets — augmented by the Acierta by Atlas sub-brand for I-REC certificate issuance. The architecture combines generation modules (utility-scale solar PV plants such as Vista Alegre, Luiz Carlos, and Copiapó; wind portfolios such as Alpaca; and BESS integration using storage technology from suppliers like Sungrow) with a service layer that includes Project Development, Capital Structuring, Project EPC, Energy Commercialization, and Asset Management & Project O&M. Together, these modules allow Atlas to deliver long-term clean energy contracts and turnkey renewable infrastructure to corporate, industrial, and institutional clients across Brazil, Mexico, Chile, Colombia, and Uruguay.

Differentiator

Problem solved

Functional benefit

Brands

• Acierta by Atlas: Atlas subsidiary focused on commercialization of renewable energy, including the contracting and delivery of International Renewable Energy Certificates (I-RECs) to corporate offtakers across healthcare, mining, technology, data centers, agribusiness and real estate sectors.

Products and services

• 24/7 Power Purchase Agreements (24/7 PPAs) Long-term clean energy supply contracts (typically 15-21 years) that match corporate customers' round-the-clock electricity demand with renewable generation — combining solar PV, wind, and BESS — to deliver firm, carbon-free energy under bilateral PPAs.
• Customized PPAs and Joint Ventures Tailor-made long-term Power Purchase Agreements and joint-venture structures designed to fit specific corporate, industrial, mining, or institutional customer requirements for clean energy procurement, accounting for seasonality and hour modulation.
• Acierta by Atlas — Renewable Energy Certificates (I-RECs) Subsidiary offering that provides International Renewable Energy Certificates (I-RECs) to companies seeking to verify and trace renewable energy usage in Latin American markets (primarily Brazil) where they lack direct access to renewables; serves healthcare, mining, technology, data centers, agribusiness, and real estate sectors.
• Project Development Services End-to-end renewable energy project development services including site identification, permitting, interconnection, and environmental and social due diligence for utility-scale solar, wind, and BESS projects across Latin America.
• Project EPC (Engineering, Procurement, and Construction) Engineering, procurement, and construction of utility-scale solar PV, wind, and BESS projects, including deployment of bifacial PV modules, TrueCapture tracking technology, and digital substations across Latin America.
• Asset Management and Operations & Maintenance (O&M) Long-term operations, maintenance, and asset management services for operational renewable energy plants, ensuring performance optimization, energy commercialization, and reliable energy delivery to off-takers.
• Capital Structuring and Project Finance Financial structuring, debt and equity arrangement, and project finance sourcing — including green bonds and multilateral lending — for renewable energy infrastructure assets across Latin America.
• Energy Commercialization Structuring of energy offtake agreements and commercialization of generated clean energy to corporate, industrial, mining, and utility buyers across Latin American markets, including via I-RECs.

Quantifiable outcome

• 819,000+ tons of CO2 emissions avoided
• +7 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• ISAGENcoreStrategic or Co-development Partner · 6 April 2026Atlas and ISAGEN are co-developing solar projects in Colombia. Their partnership includes El Campano Solar Park (99.9 MWdc in Córdoba) and Shangri-La (201 MW in Tolima), with plans to develop up to 1,000 MW of additional solar capacity in Colombia. FDN provided $157.5 billion COP for El Campano's financial closing.
• DNVcoreImplementation/ SI/ Consulting Partner · 16 February 2026DNV provided technical and financial advisory / certification support for Atlas' Estepa hybrid project in Antofagasta, Chile (215 MW solar + 418 MW BESS).
• Vale S.A.flagshipStrategic or Co-development Partner · 24 September 2025Global Infrastructure Partners and Vale S.A. formed a joint venture through the acquisition of a combined 70% stake in Aliança Geração de Energia S.A., positioning Atlas as one of Brazil's largest independent power producers. The portfolio totals ~5 GW across solar, wind, and hydro technologies and enables Vale to accelerate its decarbonization plans.
• SungrowcoreTechnology or Integration · 29 April 2025Atlas selected Sungrow's PowerTitan liquid-cooled BESS technology for the BESS del Desierto 200 MW / 800 MWh standalone storage project in Chile's Atacama Desert — described as the first large-scale standalone BESS in Latin America.
• SustainalyticsminorImplementation/ SI/ Consulting PartnerSustainalytics provided the Second Party Opinion on Atlas' Green Finance Framework, which underpins the company's project financings.
• Industry associations: ABSOLAR, ACERA, AMDEE, AS-COA, ASOLMEX, CEA, GRI Club, IJGlobal, INE, LIDE, SEIA, SerCOLOMBIA, SOFOFA, UNEF, Wilson CentreminorOthersAtlas is a proud member of these industry associations and ecosystem organizations across Brazil (ABSOLAR, SEIA), Chile (ACERA, CEA, GRI Club, SOFOFA), Mexico (AMDEE, ASOLMEX), Colombia (SerCOLOMBIA, LIDE), Spain (UNEF), the US (AS-COA, Wilson Centre), and IJGlobal/INE.

Scale indicators13 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Engie (Engie Energia Chile): Engie is one of the largest global utilities with a deep renewable energy presence across Latin America, including Chile (Engie Energia Chile). Atlas has directly contracted with Engie (15-year PPA for the 230 MW Sol del Desierto solar plant), and they compete for the same corporate and utility PPAs in Brazil, Chile, Mexico, and Colombia.
• Enel Green Power (Enel Generación Chile): Enel Green Power operates one of the largest renewable generation fleets in the world and is a dominant player in Chile and broader LatAm. Atlas has a 1.3 TWh/year wind PPA with Enel Generación Chile (Alpaca portfolio), and they overlap directly in Chilean corporate and utility renewable PPAs.
• EDF Renewables: EDF Renewables is the global renewable energy arm of EDF and operates utility-scale solar, wind, and storage projects across the Americas, including in Mexico, Chile, and Brazil. It overlaps with Atlas in corporate renewable PPAs and in the broader LatAm utility-scale renewables market.
• Iberdrola: Iberdrola is one of the world's largest renewable energy developers with a meaningful LatAm presence (Mexico via Iberdrola México, Brazil). It is a much larger incumbent but directly competes with Atlas in utility-scale renewables and corporate PPA origination across the region.

Direct peers

• AES Andes: AES Andes (subsidiary of AES Corporation) is a Latin American renewable IPP with utility-scale solar, wind, and BESS assets concentrated in Chile and Colombia. It is one of the closest direct competitors to Atlas in the LatAm corporate PPA market and shares the same target segments (mining, industrials, utilities).
• Celsia: Celsia, part of the Argos Group, is a Colombian-listed renewable energy IPP with generation assets across Colombia, Peru, and Central America. It is a close direct peer to Atlas in the LatAm corporate and utility renewable PPA market and overlaps in Colombian offtaker relationships.
• Voltalia: Voltalia is a French-listed renewable IPP with utility-scale solar, wind, and BESS operations in Latin America (notably Brazil). Atlas and Voltalia were specifically mentioned together as Brazilian renewable generators that cut jobs and halted projects in response to grid curtailment — making them directly comparable in scale and geography.
• Lightsource bp: Lightsource bp is a global utility-scale solar developer and IPP, including projects in Brazil and other Latin American markets. It is comparable to Atlas as a developer, owner, and operator of utility-scale solar projects selling long-term PPAs to corporate and utility off-takers.
• Canadian Solar: Canadian Solar operates one of the world's largest solar IPP platforms (CSI Solar / Recurrent Energy) with utility-scale projects across the Americas. It directly overlaps with Atlas in utility-scale solar development, PPA origination, and project finance structuring in LatAm and other emerging markets.
• Scatec ASA: Scatec is a Norwegian renewable energy IPP developing, owning, and operating utility-scale solar, wind, and storage projects in emerging markets, with active presence in Latin America. It is comparable to Atlas in business model (long-term PPAs, project finance, distributed across multiple emerging-market geographies) and target customer segments (corporates, utilities).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds10 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atlas Renewable Energy