ATOME PLC has signed an agreement with the dollar fund of a multilateral development bank to fund a feasibility study for a 300 MWp solar photovoltaic project near Villeta, Paraguay.
ATOME PLC, listed on the AIM market of the London Stock Exchange, has announced an agreement with the dollar fund of a multilateral development bank to support ATOME Power, its renewable energy and battery storage division. The fund has agreed to provide financial and technical support, subject to certain conditions, for a feasibility study covering a projected 300 megawatt-peak (MWp) solar photovoltaic project near ATOME’s green fertiliser plant in Villeta, Paraguay. This type of support fits into a broader global trend of solar development, similar to Gurīn Energy, which secured 379 MW of solar licences in South Korea, Recurrent Energy, which brought a 150 MW solar park online for Microsoft, and Huasun, which signed a 100 MW solar deal with Air Solution in Pakistan.
The solar project, still under review, would be built in close proximity to ATOME’s green fertiliser production site in Villeta, where the company says it has access to substantial areas of land for such development. According to ATOME, this geographic proximity would allow infrastructure to be shared and would help secure the plant’s power supply through local solar generation. The company states it wants to explore the possibility of building an industrial park structured around solar power and battery storage.
Progress on the feasibility study nonetheless remains conditional on advancing the power purchase agreement that ATOME Paraguay, the group’s local subsidiary, must negotiate. Once that agreement is concluded, ATOME Power would move forward immediately with the technical and financial study of the photovoltaic project. The company has not specified a timeline for finalising the agreement or for the effective launch of the study.
ATOME says it is encouraged by the prospect of creating an industrial hub built around solar power and battery storage, capitalising on the activities and trades generated by its green fertiliser production site. The company states it will provide a further update on the project once ATOME Paraguay’s position on the power purchase agreement is resolved.
The global solar market continues to attract financing from development banks for projects that combine renewable generation with local industry. ATOME’s Paraguayan project, if it moves forward, would add 300 MWp of photovoltaic capacity in a country where large-scale industrial solar investment remains limited.
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