Project will be installed in the Antofagasta Region

Chile, August 12, 2019-  Certainly, 2019 will be a year that Chile will remember. In addition to signing up as host of the Conference of the Parties (COP 25), the most important environmental summit of the year; it has also announced an exit plan for at least 8 coal-fired power plants from the national grid as part of the “Zero Carbon Energy” plan. This will be a key element to achieve carbon-neutrality in Chile by 2050.

It is in this context, when renewable energies take even more prominence, that Atlas Renewable Energy signed a long-term contract for the sale of solar energy with Engie Energía Chile, adding a new  plant to take part of the country’s clean energy transition.

The PPA will supply 550 GWh/year with solar energy during a 15-year tenor. This contract is subject to financial closure and the construction of a new solar plant of at least 230 MW called Sol del Desierto, which will be in the municipality of María Elena, Antofagasta region, on concession land of the Ministry of National Assets. This plant will be one of the largest solar plants in Chile.

Alfredo Solar, General Manager of Atlas Renewable Energy Chile stated after signing the contract that “we are a young company that has grown very fast, becoming an undisputed leader of the solar market in Latin America. We have an enormous capacity to make projects viable and produce renewable energy efficiently, aligned with what is required to combat climate change. We are very proud to provide ENGIE with clean energy and therefore collaborate with Chile’s decarbonization plan.”  

Atlas Renewable Energy forms part of the Private Equity Investor ACTIS, based in London, which has spent more than 20 years investing in emerging markets, with more than 18 GW of installed capacity. Atlas Renewable Energy develops, finances, builds and operates renewable energy assets in Latin America, adding 800 solar MW operating in Uruguay, Chile, Brazil and Mexico. Atlas’ contracted Pipeline reaches more than 1400 MW in the region.

Atlas always seeks to be at the forefront. The company took on the challenge of developing the first large-scale photovoltaic plant in Chile’s Metropolitan Region, and in 2017 inaugurated Quilapilún (110 MW), located in the commune of Colina, achieving a great milestone for the country after opening new solar installation alternatives. This time, the adventure will continue in the Maria Elena commune where, in January 2022, “Sol del Desierto” will start operations.

About Atlas Renewable Energy

Atlas Renewable Energy is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current company portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW in the next years.

Launched in early 2017, Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy industry in Latin America. The company is recognized by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than USD $600M of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization, and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, the company works every day to provide the world with a cleaner future.

To know more about Atlas Renewable Energy, visit: https://es.atlasrenewableenergy.com

Media Contacts

Diana Castellanos, Marketing and Communications Manager, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Andressa Quadros, BCW
Email: andressa.quadros@bcw-global.com

The three projects are estimated to benefit around 470,000 families per year with clean, renewable energy and will avoid the emission of 108,000 tons of CO₂ annually.

 São Paulo, March 18, 2019 – Atlas Renewable Energy, leader in clean energy in Latin America, announced the completion of long-term financing of three of its solar energy plants in Brazil for a total amount of USD $ 152 million. The financing was obtained through Banco do Nordeste (BNB), backed by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco. Together, the plants will have an installed capacity of more than 300 MWps, which has allowed them to achieve new standards for financial alliances and boost the Brazilian energy sector to higher levels of solar capacity.

Each project has a 20-year power purchase agreement (PPA) with the Chamber of Electricity Sales (Câmara de Comercialização de Energia Elétrica- CCEE). It is estimated that the combined energy produced of 672.8 GWh / year will provide clean energy for a total of 470,000 families per year. Atlas Renewable Energy estimates that the operation of the plants will prevent the emission of 108,000 tons of CO₂ per year.

The plants are located in the northeast region, namely the São Pedro and Juazeiro plants in the state of Bahia, and the Sol Do Futuro plant in the state of Ceará. The São Pedro solar complex is the first functioning operation of Atlas Renewable Energy in Brazil, with an installed capacity of 67.1 MWp in two secondary plants. As part of the company’s commitment to work with local communities and environmental guidelines during the construction, development, and operation phases of its plants, the São Pedro project created nearly 700 direct jobs, and will prevent the emission of more than 61,000 tons of carbon dioxide. The Juazeiro and Sol do Futuro plants are currently in the start-up phase and will be fully operational in the coming months.

BNB’s Business Director, Antônio Rosendo Neto Júnior, highlights that “A partnership with Atlas Renewable Energy demonstrates the synergy of Banco do Nordeste with this sector of the economy. Investments are essential for the evolution of the energy matrix throughout the Brazilian Northeast, especially from renewable and non-contaminated sources.  We are fulfilling the Bank’s mission, while generating employment and income in our region.”

Atlas Renewable Energy CEO Carlos Barrera explains, “Brazil is Latin America’s largest renewable energy market, and these three projects allow us to consolidate a strong presence in this market. We are pleased to have partnered with these strong, high-caliber financial institutions enabled in part by our team’s solid track-record and expertise in development and execution.” He adds, “As a renewable energy company, we’re just scratching the surface of how powerful Latin America’s renewable energy sector can be when you combine it with high-quality PPAs, financing innovation, and top-tier projects.”

“By closing our investment goals of $170 million in Brazil, Atlas Renewable Energy adds to Brazil’s thriving renewable energy sector,” explains General Manager of Brazil, Luis Pita, who also added, “we believe Latin America’s renewable energy market is due for an innovative approach to the solar technology that can deliver data driven decisions at scale and statistics aimed at increasing energy production across borders. Atlas Renewable Energy is becoming a leader in this arena. These solar projects are in line with our company’s commitment to invest in top of the line technologies, such as NEXTracker’s TrueCapture Technology and the introduction of the first digital substation in Brazil, which, along with our work ethic, quality of production, and company culture, are part of the company’s strategic priorities.”

These three projects are expected to be complemented by an additional 1.5 GW, which Atlas Renewable Energy plans to add to its investment portfolio over the next three years throughout Latin America.  The current operations in Chile, Uruguay, Brazil, and Mexico are evidence of Atlas Renewable Energy’s commitment to alternative energy development in Latin America and a testament to its track record as a developer and administrator of assets in the region.

About Atlas Renewable Energy

Atlas Renewable Energy, a renewable energy company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. Atlas Renewable Energy’s current portfolio is 1.2GW of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW over the next decade.

Launched in early 2017, Atlas Renewable Energy includes an experienced team with the longest track record in the solar energy industry in Latin America. The company is recognized by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than $600 million of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas Renewable Energy’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, Atlas works every day to provide the world with a cleaner future.

For more information, please visit https://es.atlasrenewableenergy.com/

Media Contacts

Diana Castellanos, Communications, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Kelsey Flitter, BCW
Email: Kelsey.flitter@bcw-global.com

This solar project created 696 direct jobs and will prevent the emission of more than 61k tons of carbon dioxide, combining the well-being of the communities and environmental safety.

São Paulo, Brazil, January 24^th, 2019 – Atlas Renewable Energy, a leader in clean energy across Latin America, inaugurates today its first operational project in Brazil, the São Pedro solar plant. Construction began in 2017 in Bom Jesus da Lapa, state of Bahia, and the plant has an installed capacity of 67.1 MWp (megawatts peak) in two sub-plants. The financing of the plant was secured through the Banco do Nordeste (BNB), supported by an equivalent sum of commercial bank guarantees from BTG Pactual, Banco ABC Brasil, and Banco Bradesco. Read more

• Atlas Renewable Energy and Bancomext announce US$88.5 million financing for the Guajiro plant
• Guajiro will generate an estimated 300 GWh annually, equivalent to the electrical demands of about 120,000 homes

Mexico City, Mexico, August 27, 2018 – Atlas Renewable Energy and el Banco de Comercio Exterior (Bancomext) announced today the signing of a long-term financing agreement for Atlas Renewable Energy’s solar power plant in Mexico, located in the state of Hidalgo.

Bancomext will provide $88.5 million dollars to finance the construction of the project, along with a $17 million dollars line of credit for Value Added Tax (VAT). The plant will have an installed capacity of approximately 129.5 MWp.

The project was awarded a power purchase agreement (PPA) with the Federal Electricity Commission (CFE), Mexico’s federal electricity company, in the first long-term energy auction, carried out in 2016 as part of Mexico’s energy reform.

The Guajiro Solar project is expected to begin operations in the second quarter of 2019. The plant will span over ​​410 hectares in Nopala de Villagrán, located in the state of Hidalgo. Guajiro Solar estimates it will generate 300 GWh annually, equivalent to the demand of roughly 120,000 homes. Atlas Renewable Energy estimates that the operation of the project will prevent the annual emission of more than 215,000 tons of carbon dioxide, which is equivalent to eliminating more than 46,000 cars from circulation.

Carlos Barrera, CEO of Atlas Renewable Energy, stated that “the financing of the Guajiro Solar project marks an important milestone for Atlas Renewable Energy and consolidates Mexico as one of our main markets. It also strengthens our track-record of successful renewable energy project financings throughout Latin America.” He recognized Bancomext’s management of this transaction and for the positive impact it has had in accelerating investment in renewable energy projects throughout Mexico. “As we continue to grow, we will look for other opportunities to partner again with leading financial institutions such as Bancomext and government entities such as CFE,” he concluded.

Camilo Serrano, general manager of Atlas Renewable Energy for Mexico, emphasized that, “this project demonstrates a collaboration of public and private interests to increase the presence of renewable energy in Mexico” and commented that they will look for more opportunities to expand Atlas Renewable Energy’s footprint in Mexico.

Francisco N. González Díaz, general director of Bancomext, highlighted that, “The Guajiro Solar project positions Atlas Renewable Energy as a reliable partner for investment and infrastructure development within the Mexican energy sector.” This project will generate 300 GWh annually, while helping achieve the goal of generating 35% of Mexico’s energy from renewable sources by 2024. Additionally, it provides an economic stimulus for the region. He added that “this type of financing is intended to continue supporting the development of projects aligned to the Federal Government’s market strategy for renewable energy.”

As its first solar energy project in Mexico, Guajiro is part of Atlas Renewable Energy’s growth strategy to deepen its position in Mexico, a core market for Atlas Renewable Energy. The company launched its regional expansion in last year, with the inauguration of a plant in Chile that generates 110 MW, and the acquisition of an operating 70MW plant in the North of Chile. In July of this year, the company raised a green bond for two of its operating plants in Uruguay, and currently the company is in construction and advance development stage for several photovoltaic plants in Brazil with a total capacity of 450 MW.

Bancomext considers the energy sector strategic for the development of the country, so it has a program for the financing of renewable energy projects through the granting of long-term resources, in local currency or US dollars, to support companies during the construction, operation, and maintenance stages of the projects.

 About Atlas Renewable Energy

Atlas Renewable Energy (Atlas) is a renewable energy generation company that develops, builds, and operates renewable energy projects with long-term energy contracts across Latin America. The current Atlas portfolio is 800MW+ of contracted projects in development, construction, or operational stages, and aims to grow an additional 1.5GW over the next decade.

Launched in early 2017, Atlas includes an experienced team with the longest track record in the solar energy industry in Latin America. The company is recognized by its high standards in development, construction, and operation of large-scale projects.

Atlas Renewable Energy is part of the Energy Fund IV, founded by Actis, a leading private equity investor in the energy sector of emerging markets. Actis has allocated more than $600 million of equity in Atlas Renewable Energy to invest in long-term renewable energy contracted projects.

Atlas’s growth is focused on the main emerging markets and economies of Latin America, using its proven development, commercialization and structuring know-how to bring clean energy to the region. By actively engaging with the community and stakeholders at the center of its project strategy, Atlas works every day to provide the world with a cleaner future.

To more know more about Atlas Renewable Energy, visit: www.atlasrenewableenergy.com.

Media Contacts

Diana Castellanos, Communications, Atlas Renewable Energy
Email: dcastellanos@atlasren.com

Kelsey Flitter, Burson-Marsteller
Email: kelsey.flitter@bm.com

• The company acquired Guajiro Solar Project with 126.5-MWp of installed capacity

Mexico City. – April 2, 2018 —Atlas Renewable Energy announced today that it acquired from SunPower Corp. (NASDAQ: SPWR) the Guajiro solar project in Mexico, with a planned capacity of 126.5 megawatts (MWp) peak (101.4 MW), in the municipality of Nopala de Villagran, state of Hidalgo.

The project, which is expected to be commissioned in the second quarter of 2019, will generate close to 300 gigawatt hours (GWh) of energy per year.

Guajiro is contracted under a long-term Power Purchase Agreement (PPA) with the CFE, Mexico’s state-owned electric utility. The project, initially developed by SunPower, was awarded in the country’s first electricity power auction, organized by Mexico’s National Center for Energy Control (CENACE), which manages the country’s electric system.

Following the acquisition of Guajiro, Atlas Renewable Energy will be responsible for the financing, construction and commissioning of the project.

The Government of Hidalgo has accompanied the development and is supportive of the execution of Guajiro as this investment by Atlas Renewable Energy comes to strengthen the industrial environment of the state.

Atlas Renewable Energy CEO Carlos Barrera said that “the Guajiro project marks a major milestone for Atlas Renewable Energy and constitutes the first of many projects in Mexico, one of our core focus markets”.

“We are pleased to have worked with SunPower on this acquisition, further building on a strong relationship between both our organizations. Establishing enduring relationships in the industry is something we regard as fundamental. We will continue seeking opportunities to invest or partner in high-quality solar and wind projects in Mexico, as we extend our footprint in the country”, he added.

SunPower Chief Financial Officer Chuck Boynton, said that “Mexico’s energy sector reforms spurred significant growth of the country’s solar market, and we are optimistic that growth will continue and result in a robust clean energy economy”.

“SunPower commends Atlas Renewable Energy for its commitment to renewable energy development in Latin America. By establishing its Mexico portfolio with the Guajiro project, and making additional investments in the country, Atlas Renewable Energy is well positioned to play a key role in promoting Mexico’s economic growth and sustainable energy sector”, he continued.

The acquisition of the Guajiro project, made on March 28, is part of Atlas Renewable Energy’s growth strategy: in the last year, the company that operates exclusively in Latin America, has expanded throughout the region inaugurating a 110 MW plant in July 2017 in Chile; currently developing and constructing three photovoltaic plants in Brazil with a total capacity of 330 MW, and entering the Mexican market with the Guajiro project.

The platform’s rapid growth is backed by an experienced team with a successful track record in the industry and by its sponsor Actis, a London based company leader in emerging markets in Africa, Asia and Latin America.

Actis delivers consistent, competitive returns, responsibly, through insights gained from trusted relationships, local knowledge and deep sector expertise with 33 energy infrastructure companies in more than 25 countries, generating 18 gigawatts (GW) of energy capacity.

About Atlas Renewable Energy

Atlas Renewable Energy was established in 2017 as a renewable energy developer formed by the private investment firm Actis through the acquisition of the previous SunEdison Latin America team and asset base.

Atlas Renewable Energy is a regional Latin American solar and wind platform, with some 750MW in contracted projects in operation, construction or advanced development stages and over 1GW in early stage projects.

Atlas Renewable Energy’s growth strategy is based on developing, financing, investing in, and operating high-quality projects through its experienced team with a deep and robust track-record across the region. Atlas aims to grow an additional 1GW-2GW over the short to medium term, with a focus on Chile, Brazil and Mexico.

To know more about Atlas Renewable Energy, please visit: www.atlasrenewableenergy.com.

About SunPower

As one of the world’s most innovative and sustainable energy companies, SunPower Corporation (NASDAQ:SPWR) provides a diverse group of customers with complete solar solutions and services. Residential customers, businesses, governments, schools and utilities around the globe rely on SunPower’s more than 30 years of proven experience. From the first flip of the switch, SunPower delivers maximum value and superb performance throughout the long life of every solar system. Headquartered in Silicon Valley, SunPower has dedicated, customer-focused employees in Africa, Asia, Australia, Europe, North and South America. For more information about how SunPower is changing the way our world is powered, visit www.sunpower.com.

SunPower’s Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding project plans, timelines, and projected energy output. These forward-looking statements are based on our current assumptions, expectations, and beliefs and involve substantial risks and uncertainties that may cause results, performance, or achievement to materially differ from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: regulatory changes and the availability of economic incentives promoting use of solar energy, challenges inherent in constructing and maintaining certain of our large projects, competition and market conditions in the solar and general energy industry, and fluctuations or declines in the performance of our solar panels and other products and solutions. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at investors.sunpowercorp.com. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.

©2018 SunPower Corporation.  All Rights Reserved.  SUNPOWER and the SUNPOWER logo are registered trademarks of SunPower Corporation in the U.S. and other countries as well.

Media Contacts

Atlas Renewable Energy

Diana Castellanos
dcastellanos@atlasren.com

Sara Villalobos
svillalobos@gcya.net
Office: +52 (55) 52 46 01 00 ext. 240
Mobile: +52 (55) 45 77 08 23

SunPower

Ingrid Ekstrom
iekstrom@sunpower.com
+1 (510) 260 8368