--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20260618-atomes-665m-villeta-green-fertilizer-project-at-risk-after-paraguay-revokes-power-decree/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # ATOME’s $665M Villeta green fertilizer project at risk after Paraguay revokes power decree Publication Date: 2026-06-18T18:00:00-04:00 Last Updated: 2026-06-18T06:37:24-04:00 Author: Timothy Bueno (https://www.fertilizerdaily.com/author/timbueno/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Green & Low-Carbon](https://www.fertilizerdaily.com/sustainability/green-low-carbon/), [Investment](https://www.fertilizerdaily.com/corporate/investment/), [Sustainability](https://www.fertilizerdaily.com/sustainability/) ![ATOME’s $665M Villeta green fertilizer project at risk after Paraguay revokes power decree](https://www.fertilizerdaily.com/wp-content/uploads/2026/06/atomes-flagship-145mw-villeta-project-in-paraguay.jpeg) Paraguay's cancellation of a power tariff decree leaves the $665M plant's funding in doubt months after its final investment decision. Atome's flagship Villeta green fertilizer project in Paraguay faces financing uncertainty after the government abruptly revoked a presidential decree that underpinned the project's fixed-tariff power agreement. The UK-listed developer said a decree issued on January 16, 2026, which set electricity tariffs for a fixed-rate power purchase agreement with state utility ANDE, was canceled without notice and replaced. The new decree tasks ANDE with setting fresh investment conditions and withdraws the previously mandated tariffs, leaving the agreed power deal unsigned. The power purchase agreement was a condition precedent for the first disbursement under the project's financing. Atome said it is urgently engaging with ANDE, the Paraguayan government, and lenders, including the International Finance Corporation, IDB Invest, and the European Investment Bank, and warned there is no certainty it can secure revised terms acceptable to financiers. The setback follows the project's $665M final investment decision earlier this year. The 260,000 tonnes-per-year plant would produce low-carbon calcium ammonium nitrate using Paraguayan hydropower, with all output committed to Yara under a decade-long offtake deal. Chair Peter Levine said the company had received assurances at the highest level that the agreed power deal would be executed before the end of June. Atome said it would update shareholders in due course. Source: [TipRanks](https://www.tipranks.com/news/company-announcements/atome-faces-setback-on-villeta-project-as-paraguay-revokes-key-power-decree) Tags: [ammonia](https://www.fertilizerdaily.com/tag/ammonia/), [Atome](https://www.fertilizerdaily.com/tag/atome/), [decarbonization](https://www.fertilizerdaily.com/tag/decarbonization/), [green ammonia](https://www.fertilizerdaily.com/tag/green-ammonia/), [green hydrogen](https://www.fertilizerdaily.com/tag/green-hydrogen/), [Latin America](https://www.fertilizerdaily.com/tag/latin-america/), [low-carbon fertilizer](https://www.fertilizerdaily.com/tag/low-carbon-fertilizer/), [nitrogen](https://www.fertilizerdaily.com/tag/nitrogen/), [Paraguay](https://www.fertilizerdaily.com/tag/paraguay/), [project finance](https://www.fertilizerdaily.com/tag/project-finance/), [Yara](https://www.fertilizerdaily.com/tag/yara/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.