Scatec Solar hits milestones with projects in Ukraine, Egypt, Mali

Facebook
Twitter
LinkedIn
Reddit
Email
Norway and Mali's prime ministers witnessed the deal for 33MW project in Mali (Credit: Scatec Solar)

Scatec Solar has gained ground with various utility-scale projects worldwide, including a major scheme in Ukraine that lies now under construction.

The Norwegian developer said this week EPC PowerChina Guizhou Engineering has started building the 148MW Progressovka project, at a site in southern Ukraine.

A two-year facility from PowerChina will finance 65% of the plant’s €124 million (US$138 million) capex costs. Talks to secure long-term debt funding are “advanced”, Scatec Solar explained.

Progressovka, the firm said, will be backed with ten-year feed-in tariffs. The utility-scale project is one of a series reaping government support before Ukraine transitions to deregulated auctions.

Second bifacial batch linked in Egypt

Scatec Solar’s latest moves have taken its PV pipeline to 500MW in Ukraine, with 1.7GW installed across the European country, Brazil and eight other nations.

The firm confirmed this week its first-ever bifacial venture is now one-third complete, with 130MW of the targeted 400MW total already operational in Egypt. 

The developer recently linked the second 65MW phase of its scheme at the Benban complex, less than two months after the initial 65MW plant reached the same stage.

The two units, the first of a total six, feature LONGi bifacial panels backed by the EBRD. In March, the development financier walked PV Tech through its reasons to fund the emerging PV technology.

The six plants at Benban, set to require total funding of US$450 million, will be backed through 25-year PPAs with the Egyptian government.

Prime ministers witness Mali project deal signing

Across the Sahara Desert, in Mali capital Bamako, top government figures gathered last Friday to rubberstamp a new agreement for another of Scatec Solar’s projects.

Norwegian prime minister Erna Solberg and her Malian counterpart Soumeylou Boubèye Maïga witnessed the signing of a deal for a 33MW scheme in Ségou, by the banks of River Niger.

Scatec Solar will build and handle O&M for the PPA-backed 57GWh project, designed to cover 5% of all of Mali’s electricity needs.

Construction will be funded by Norway’s development agency Norad, as well as the African Development Bank and the World Bank’s International Finance Corporation.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.
11 October 2022
PV CellTech Extra will be held as a series of live webinars and on-demand sessions on 11-13 October 2022. We'll be taking a slightly further forward-looking view at the technologies and roadmaps for new cell architectures set to dominate mass production during 2023-2025 with special emphasis on the potential timelines for technologies beyond the single-junction cell design, including perovskite and hybrid concepts.
29 November 2022
PV ModuleTech EMEA in Madrid on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.

Read Next

PV Tech Premium
September 22, 2022
The war in Ukraine, approaching its eighth month, is having an extremely detrimental effect on the country's solar sector.
September 22, 2022
Tech major Amazon has expanded its renewables portfolio globally with 71 new projects with a total capacity of 2.7GW.
September 22, 2022
Wood Mackenzie has repeated warnings that module supply shortages are set to persist until the end of 2023.
September 21, 2022
Under the REPowerEU scenario to install 750GWdc of solar across the European Union by 2030, the bloc will require 1 million solar workers, double the numbers from 2021.
September 20, 2022
From module makers and BOS producers to utility-scale developers and community solar companies, the Inflation Reduction Act (IRA) has taken centre stage at this year’s RE+ in Anaheim, California.
September 20, 2022
Microinverter supplier Enphase Energy is witnessing soaring demand for its products in Europe for self-consumption as the continent’s energy crisis is increasing causing people to look to residential solar PV

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)