Atlas Renewable Energy and Nextracker sign agreement to implement Nextracker’s TrueCapture Technology for the largest solar plant to be built in Latin America

• The Vista Alegre solar project, with 902 MWp of installed capacity, will be the largest solar plant in Latin America and will feature TrueCapture technology, an advanced and innovative solution to increase the plant’s energy performance and efficiency.
• The plant will provide clean energy to Brazil’s largest aluminum producer, Albras, through the largest and longest solar PPA ever signed to date for a private offtaker in the region.

Sao Paulo, June 13, 2022 – Atlas Renewable Energy, a leading international clean energy generator, and Nextracker Inc. (Nasdaq: NXT), a global provider of intelligent solar tracker and software solutions, have signed an agreement to implement Nextracker’s TrueCapture™ technology in Atlas’ Vista Alegre solar plant in Brazil. The project will have an installed capacity of 902MWp and is set to become the largest solar project to be built in the southern hemisphere. The project will provide sustainable energy to Brazil’s major aluminum producer, Albras, under the largest and longest solar power purchase agreement (PPA) signed to date with a private offtaker in Latin America.

With this agreement, Atlas continues to advance the region’s solar industry with state-of-the-art technology. TrueCapture utilizes an advanced algorithm-based software solution designed to maximize the energy production of solar power plants. It uses machine learning and artificial intelligence to continually track the sun’s position and adjust the angles of solar panels to maximize energy yield. By intelligently adjusting the tilt and position of each solar tracker in real-time, TrueCapture is designed to mitigate the impact of shading, uneven terrain, weather, and other factors that can reduce energy output.

“Atlas was the first company that introduced TrueCapture to Latin America when we implemented the technology to most of our operating solar fleet,” said Iván Jara, Atlas Renewable Energy’s Head of Engineering and Construction. He added, “by continuing to implement TrueCapture to the Vista Alegre solar plant, Atlas looks to further improve the overall performance and profitability of this enormous and exciting project, making it one of the most efficient, smartest, and cost-effective in the region. These features allow us to offer more competitive and complete solutions to our clients.”

“With Atlas Renewable Energy, we’re focused on bringing greater power plant optimization to utility-scale projects in the region,” stated Alejo Lopez, Nextracker’s Head of Sales for Latin America. “With its strong position as a leading solar developer in the region, Atlas was an early pioneer of TrueCapture deployment. We share the same goals, focused on delivering high performing systems and lower cost to our customers.”

This agreement highlights the latest technological advances in the solar industry, and extends Nextracker’s position in Latin America, working alongside Atlas, one of the region’s major clean energy players in the solar industry. With the combined industry expertise in smart solutions from Nextracker and Atlas’ use of novel technology like TrueCapture, Atlas’s operating solar plants are at the forefront of asset optimization, accelerating the sector’s competitiveness in Latin America.

The Vista Alegre project will generate approximately 2TWh/year, equivalent to removing more than 61,800 cars off the streets of Sao Paulo and offsetting approximately 154,000 tons of CO₂ emissions per year. This is a major milestone for Atlas and highlights the company’s commitment to enhancing large energy consumers’ sustainable development in the region.

About Nextracker 

Nextracker is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects around the world. Our products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. With plants operating on more than thirty countries worldwide, Nextracker offers solar tracker technologies that increase energy production while reducing costs for significant plant ROI. For more information, please visit Nextracker. Stay in touch with us: Twitter LinkedIn Instagram Facebook 

About Atlas Renewable Energy 

Atlas Renewable Energy is an international renewable energy generation company with over 4 GW of contracted projects, of which 2.2 GW are operational. Atlas specializes in developing, financing, constructing, and operating renewable energy projects throughout the Americas since early 2017. The company includes an experienced team with a deep global power market and renewable energy expertise, with the longest track record in the renewable energy industry in the Americas and Europe. 

The company’s strategy is focused on helping large corporates make the energy transition to 100% clean energy. Atlas Renewable Energy is widely recognized for its high standards in the development, construction, and operation of large-scale projects, as well as a deep and long-standing track record in ESG and sustainable development. For more information, visit: www.AtlasRenewableEnergy.com