The Brazilian Development Bank (BNDES) has approved a loan of US$447.8 million to support the construction of a 768 MW solar complex developed by Atlas Renewable Energy. The project is a part of Brazil’s new growth acceleration program (PAC) and will generate 2 TWh per year, powering over 3 million people and offsetting 2.4 million tonnes of equivalent carbon dioxide over a 20-year period.
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