Atlas Renewable Energy signs new $150 million finance project loan

Chicago, May 6 – Atlas Renewable Energy has executed its second finance project loan with IDB Invest and DNB Bank ASA (Norway) for $150 million according to an announcement from the company.

Like the first $67 million loan, 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 a participation from DNB Bank ASA.

The financing will be used in the construction of the Lar do Sol – Casablanca project, a solar project in Brazil that will provide clean energy to Anglo American’s operations in Minas Gerais.

The renewable energy company is based in Miami.

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