LONDON, Feb. 8, 2022 /CNW/ - APR Energy Ltd. ("APR"), a
wholly-owned subsidiary of Atlas Corp. ("Atlas" or the "Company")
(NYSE: ATCO), announced today that it will provide Evolution Power
Partners ("EPP") with 228 MW of gas generation capacity for a
minimum of one year. APR's solution for EPP includes a full
turn-key natural gas-fired power plant powered by eight GE TM2500
gas turbines in Itaguaí, Rio De
Janeiro with a commercial operation date of May 1, 2022.
APR's work will support EPP's award in the October 2021 simplified competitive procedure
emergency auction held by ANEEL, Brazil's National Electricity Regulatory
Agency. ANEEL's reserve energy auctions were driven by a need by
Brazil to mitigate the worst
drought in 91 years impacting the availability of hydro power in
the country.
"Fulfilling Brazil's energy
needs takes innovation, reliability and proven results. Our new
partnership with APR Energy exemplifies this approach. APR brings a
track record of executing energy projects in a range of
configurations and jurisdictions across the world," said
Mauricio Carvalho of EPP.
APR has deployed over five GW of short- and long-term power
projects in 35 markets around the world over the last 15 years.
This contract represents APR's first project in Brazil.
"We are thrilled to be entering the dynamic and growing
Brazilian market by partnering with a trusted industry leader such
as EPP," said Ben Church, CEO, APR
Energy. "APR is committed to Brazil in the long-term. We look forward to
supporting the citizens of Brazil
with sustainable and reliable power through the energy transition
and beyond."
About APR Energy
APR Energy provides rapidly
deployable power and long-term generation solutions to governments,
utilities, and industries around the world. For more information
visit aprenergy.com.
About Evolution Power Partners
EPP - Evolution Power
Partners is a Brazilian power company, focused on developing
sustainable, cost-effective, and productive thermal and renewable
power plant projects. For more information visit evolutionpp.com
Instagram: evolutionpowerpartners
About Atlas
Atlas is a leading global asset management
company, differentiated by its position as a best-in class owner
and operator with a focus on deploying capital to create
sustainable shareholder value. Atlas brings together an experienced
asset management team with deep operational and capital allocation
experience. We target long-term, risk adjusted returns across high
quality infrastructure assets in the maritime sector, energy sector
and other infrastructure verticals. Our two portfolio companies,
Seaspan Corporation and APR Energy Ltd., are unique,
industry-leading operating platforms in the global maritime and
energy spaces, respectively. For more information
visit atlascorporation.com.
Cautionary Note Regarding Forward-Looking
Statements
This release contains certain forward-looking
statements (as such term is defined in Section 21E of the
Securities Exchange Act of 1934, as amended) concerning future
events. Statements that are predictive in nature, that depend upon
or refer to future events or conditions, or that include words such
as "expects", "anticipates", "intends", "plans", "believes",
"estimates", "projects", "forecasts", "will", "may", "potential",
"should", and similar expressions are forward-looking statements.
These forward-looking statements, reflect management's current
expectations only as of the date of this release. As a result, you
are cautioned not to rely on any forward-looking statements.
Although these statements are based upon assumptions that we
believe to be reasonable based upon available information, they are
subject to risks and uncertainties. These risks and uncertainties
include, but are not limited to, the factors detailed from time to
time in our periodic reports and filings with the SEC, including
Atlas's Annual Report on Form 20-F for the year ended December
31, 2020, filed with the SEC on March 19, 2021. We expressly
disclaim any obligation to update or revise any of these
forward-looking statements, whether because of future events, new
information, a change in our views or expectations, or otherwise.
We make no prediction or statement about the performance of any of
our securities.
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SOURCE Atlas Corp.