Scatec Solar expects annual PV power plant project completions of over 1.5GW from 2022

Facebook
Twitter
LinkedIn
Reddit
Email

Integrated solar power producer, Scatec Solar has raised its growth targets in its key markets, due to strong demand.

The independent power producer said it had raised its growth target by around 1GW to 4.5GW in operation by the end of 2021, while planning to sustain annual PV power plant project completions of over 1.5GW from 2022, onwards. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Raymond Carlsen, CEO of Scatec Solar said, “We are raising our growth ambitions, driven by a strong solar market and a steadily increasing pipeline of high quality projects. Solar is the lowest cost source of energy across sun-rich regions, and with renewables expected to provide 50% of all power globally by 2050, we will continue to support goverments and corporates in making the shift to renewable energy.”

The company has around 1.1GW of PV power plants in operation, with a backlog and project pipeline exceeding 5.6GW.

A significant part of the current project pipeline has been secured in emerging markets with strong multi-gigawatt installation projections with around 50% of these markets expected to be utility-scale.

The company is targeting markets such as Vietnam where the company has planned portfolio of projects already exceeding 1.2GW, including a 650MW floating solar project. 

Scatec has also launched ‘Release’ a complete containerised pre-assembled PV power plant with single axis trackers and bifacial modules, supplied in 0.5MW blocks that can include energy storage targeting industrial customers often dependent on diesel electricity generators in emerging markets.

Scatec is targeting annual installations of Release systems in the range of 300MW to 500MW per annum from 2022.

Read Next

September 8, 2025
Vaisala has launched a new hail alert system aimed at solar operators grappling with an increasingly costly problem for PV installations.
September 8, 2025
Vikram Solar has won a 336MW module supply agreement from L&T Construction for the 2.3GW Khavda solar park in Gujarat. 
September 8, 2025
A green energy auction in the Philippines has secured 9.4GW of renewable energy capacity subscriptions, of a target of 10.65GW.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 4, 2025
Indian solar manufacturer Waaree Energies has acquired a 64% equity stake in power transformer manufacturing company Kotsons.
September 3, 2025
Developers Alight Neoen have commissioned the 100MWp Hultsfred Solar Farm in Småland, southern Sweden.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines