Atlas Renewable Energy deepens partnership with global chemical company Dow through new renewable energy PPA

Atlas reinforces its position as a strategic partner for large companies seeking to transition to sustainable energy

Sao Paulo, April​ 16​, 2025 –  Atlas Renewable Energy, an international leader in renewable energy solutions for industrial partners and one of Brazil’s top solar photovoltaic generators, announced a milestone in its new partnership with Dow, a global leader in the chemical industry. Under the agreement, Atlas will supply Dow’s facility in Bahia, Brazil, with clean energy produced in the Casablanca Solar Energy Complex, avoiding about 37,000 tons of CO₂ emissions per year. This reaffirms both companies’ commitment to sustainability and to the region’s energy transition​,​ and consolidates Atlas’ leadership position in centralized photovoltaic generation in Latin America. 

Made up of multiple plants located in Minas Gerais, Brazil, the Casablanca Solar Energy Complex has an installed capacity of 358 MW. 

Atlas and Dow began their partnership in 2020 with a 15-year PPA for solar energy supply from Atlas’ Jacaranda solar photovoltaic complex in Bahia, Brazil, which has an installed capacity of 187 MW. This agreement’s success was a key factor in the new PPA, as the two companies were already confident in their shared commitment to sustainable energy solutions.

“Our relationship with Dow is an example of how Atlas can partner with companies operating in various industrial sectors, including chemical, to help accelerate the transition to a cleaner and more efficient energy grid throughout the region,” said Carlos Barrera, co-founder and CEO of Atlas Renewable Energy. “I deeply appreciate the trust Dow and all our partners have in our execution capabilities and in the value we can provide on our journey toward a global clean energy transition.”

“Long-term power purchase agreements are part of Dow’s decarbonization strategy,” shared Vinícius Sambuc, Dow’s Commercial Energy Manager in Brazil. “By transforming the way we produce and consume energy, we can significantly reduce greenhouse gas emissions. They also provide energy diversification in Brazil and price predictability during the agreement period.”

Globally, energy accounts for 50% of GHG emissions from Dow’s manufacturing sites, which is why it is focusing on renewable sources to meet its robust sustainability goals. The company has committed to reducing its annual net carbon emissions by 5 million metric tons (about 15%) by 2030 and achieving zero net carbon emissions by 2050. Dow’s nine Brazilian operations have been powered by 100% renewable energy since early 2025. 

About Atlas Renewable Energy

Atlas Renewable Energy is an international renewable energy generation company with an asset base of more than 8.4 GW, of which 2.5 GW are in advanced development stages ready to be contracted, and about 3.6 GW are operational. Atlas has specialized in developing, financing, constructing, and operating renewable energy projects since early 2017. The company has an experienced team with a deep global power market and renewable energy expertise, and it has the longest track record in the renewable energy industry in Latin America. 

The company’s strategy is focused on helping large companies make the energy transition to clean energy. Atlas Renewable Energy is widely recognized for its high standards in developing, constructing, and operating large-scale projects and its deep and long-standing track record in ESG and sustainable development.  

For more details, please visit: www.AtlasRenewableEnergy.com  

About Dow

Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility, and consumer solutions. Our global breadth, asset integration and scale, focused innovation, leading business positions, and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ about 36,000 people. Dow delivered sales of approximately US$43 billion in 2024. References to “Dow” and/or the “Company” refer to Dow Inc. and its subsidiaries. Learn more about Dow and our ambition to be the world’s most innovative, customer-focused, inclusive, and sustainable materials science company on www.dow.com