Atlas Renewable Energy, a solar and wind project developer, secured R$1.5 billion (~$274 million) financing for the development of the Luiz Carlos solar complex. The 787 MW solar project is located in Paracatu, Minas Gerais. The project’s commercial operation is scheduled for 2025, and the company claims it will produce about 1.594 GWh of clean electricity annually, enough to power over 870,000 Brazilian households.