Atome Energy (AIM:ATOM) has agreed a deal with a multilateral development bank's dollar fund to support the feasibility study for a projected 300 megawatt-peak (MWp) solar photovoltaic project in Paraguay.
The AIM-listed renewable power and battery storage group, through its Atome Power division, plans to site the project near its Villeta green fertiliser plant, where it holds access to substantial land for solar development.
The fund's support covers financial and technical input, subject to certain terms and conditions.
Atome Power's progress on the feasibility study hinges on Atome Paraguay finalising the relevant power purchase agreement, after which the study would proceed immediately.
The company sees potential to build an industrial park anchored by solar and battery storage, drawing on the wider industry and trade the fertiliser facility would generate.
Atome said it will provide a further update once Atome Paraguay's position on the power purchase agreement is resolved.
News Intelligence what this means for the company
Atome Energy has secured a multilateral development bank's backing for a feasibility study on a 300MWp solar project in Paraguay, sited near its Villeta green fertiliser plant. The study will proceed once Atome Paraguay finalises a power purchase agreement—a gate that remains unresolved. This is a pre-development step: the company is still working to unlock the PPA that gates the solar study itself, which would then feed into a broader industrial park vision anchored by solar, storage, and the fertiliser facility.
The development bank backing de-risks the feasibility study phase and signals institutional confidence in the Paraguay platform, but the study cannot advance until the PPA is signed—a contingency that has remained pending since at least July 2026. The 300MWp solar project is separate from the 145MW Villeta fertiliser facility (which reached FID in May 2026) and represents optionality on the site, not a near-term revenue driver.
Insights assembled by AI. Editor-reviewed and grounded in tickstock’s coverage and proprietary knowledge graph.
Content is for informational purposes only, not financial advice.
