Scatec starts operating 150MW solar projects in Pakistan

The solar PV projects in Sukkur, Pakistan boast an annual generation capacity of 300GWh. Image: Scatec

Norwegian renewable energy developer Scatec has started commercial operation of 150MW solar PV plants in Pakistan.

The solar PV projects boast an annual generation capacity of 300GWh. Scatec signed a 25-year power purchase agreement (PPA) with the Central Power Purchasing Agency of Pakistan to supply energy in the South Asian country.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Scatec holds 75% interest in the projects and provides operation, maintenance and asset management services to the power plants. The remaining ownership share is held by Scatec’s local partner and solar company Nizam Energy.

Recently, Scatec CEO Terje Pilskog said that the decrease in solar module and battery energy storage system (BESS) prices over 2023 had made renewables projects “more competitive than ever” for developers when the company announced its financial results.

In the company’s earnings call, Pilskog said: “Solar PV module prices decreased by 45% and energy storage systems by 24% last year alone, and both are now at all-time lows.”

The company posted EBITDA from its operating assets of NOK3.2 billion (US$306 million) over the year and generated around 3.6TWh of renewable power. It also recorded NOK8.2 billion in revenues from its development and construction operations over the year.

Read Next

July 23, 2024
LevelTen energy has published its latest report into renewable energy PPA prices, with the average European PPA price falling by 27%.
July 18, 2024
“We believe this policy will unlock opportunities for renewables as it increases electricity supply avenues."
July 12, 2024
Swiss Utility BKW Energie AG has sign a power purchase agreement with food and beverage company Nestlé in Germany.
July 11, 2024
Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant. 
July 10, 2024
The PPA will allow GKN Automotive to source power from Recurrent Energy's Rey I solar PV project located in Seville, Spain.
July 8, 2024
The Vietnamese government has announced to allow direct PPA between independent power producers and large electricity consumers.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA