ATOME PLC (AIM:ATOM) said its pipeline of green energy projects now extends to 600MW and it is increasingly confident about its future progress.
A final investment decision on the flagship Villeta project in Paraguay is expected by the end of this year with detailed project finance discussions on equity and debt now in advanced progress.
An offtake Head of Terms was recently put in place at Viletta with international fertiliser group Yara, while a formal agreement has just been signed with the Paraguayan government for Villeta's Free Trade Zone status.
Peter Levine, chairman and Olivier Mussat, chief executive, stated jointly: "The Villeta project is expected to be the largest green fertiliser production facility in the world when it comes on stream, which is currently projected for late in 2027.
“The 300MW Yguazu Project in Paraguay, with power already reserved, is nearly triple the size and capacity of Villeta and could come some 18 months later.
“The Costa Rica project will be of a similar size to Villeta and ATOME is well placed to capitalise on the country's strategic position and world-renowned premium food industry.”
Losses for the six months to end of June were US$2.54 million (US$2.86 million).