Norwegian solar developer Scatec Solar has raised around US$200 million through a private placement, which it will use to pursue new project development.
IPP stands by its Q1 2020 power production forecasts and says it remains too early to predict any potential impact on solar project completion dates from the COVID-19 outbreak.
Crash of crude prices as virus tightens global grip may create challenges for firms relying on oil revenues as they finance a shift to green energy, IEA warns.
Scatec Solar and its partners Equinor and Apodi Par have grid-connected the 162MW Apodi Solar plant in Ceará, Brazil, Scatec's first PV project in the South American country.
Norwegian oil, gas and renewables multinational Equinor ASA has acquired a 9.7% stake in Oslo-headquartered PV developer Scatec Solar ASA at a total purchase price of approximately NOK700 million (US$82.4 million).
Scatec Solar and Equinor have signed off on an agreement with Portuguese company Martifer Renewables to acquire the 117MW PV project Guanizuil IIA, located in the San Juan province in Argentina.
