BlackRock-Backed Atlas Renewable Freezes $1 Billion in Brazil Solar Projects ...Middle East

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BlackRock-Backed Atlas Renewable Freezes $1 Billion in Brazil Solar Projects
source : OILPRICE ( Middle East ) () 37
High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South America, to halt $1 billion in planned investment in Brazil, the company’s chief executive Carlos Barrera told Reuters on Wednesday. “There’s at least … 1.5 gigawatts that we put on hold in Brazil, where we had planned to already start construction,” the executive told Reuters on the sidelines of the SNEC photovoltaic conference…

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