Norwegian state-owned energy giant Equinor has increased its stake in international solar developer, Scatec Solar.
The fresh funding wraps up a summer of global expansion for the Norwegian firm, with utility-scale projects switched on in Ukraine, Egypt, Mozambique and Malaysia.
Firm marks commercial launch of PPA-backed 40MW Mocuba, developed alongside private equity backer and touted as country’s first large-scale PV plant.
Project will be realised under Ukraine’s 10-year feed-in tariff scheme and is expected to power up to 27,000 households.
Dutch financier FMO buys 40% stake of FiT-backed, €35 million Kamianka project, scheduled for commercial launch in Q4 2019.
Firm breaks ground on 148MW plant in former Soviet state, links second 65MW bifacial unit at Benban complex and signs deal for 33MW farm by river Niger.
Developer links first 65MW of 400MW project at Benban complex, with panels supplied by LONGi and funded by development players keen on bifacial tech.
Development financier tells PV Tech why innovation makes sense in fiercely competitive PV region despite risks of untried technology.
Renegotiating renewable tariffs agreed in the early 2010s to help technically insolvent state utility Eskom could “dent investor confidence”, says SAPVIA.
Scatec Solar and its partners were busy over the last month, with the company completing a 65MW PV project in Malaysia while starting work on a 117MW installation in Argentina.
Gamesa Electric is to supply 66 PV inverters to 400MW of capacity being set up by Scatec Solar at the Benban solar park in Egypt.
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.
Downer to build 349MW project in Australia for Belectric, Scatec bags 121MW in Ukraine, NTPC awards 22MW of floating solar in Kerala.
Oslo-headquartered clean energy firm Scatec Solar has entered into agreements with Ukrainian developer Rengy Development to deliver 47MW of solar projects in the Mykolaiv region in the south of Ukraine.
Oslo-headquartered clean energy firm Scatec Solar has signed agreements to build two solar PV projects with capacity of 33MW and 50MW in the Cherkassy region of Ukraine.