Norwegian solar developer Scatec Solar has raised around US$200 million through a private placement, which it will use to pursue new project development.
Scatec Solar has said its sites under construction could be delayed by up to five months as a result of various pandemic-related constraints.
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.
Scatec Solar and its partners have both grid connected and reached commercial operation for the 86MW first phase of a 258MW PV installation in Upington, South Africa.
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.
Integrated solar power producer, Scatec Solar has raised its growth targets in its key markets, due to strong demand.
Project of 100MW proposes cheapest tariffs for hugely oversubscribed 500MWac grid-connected solar tender, the third of a series for Southeast Asian state.
The Norwegian developer also switched on 65MW of new capacity in Egypt's giant Benban complex this week.
Complex near Aswan witnesses commissioning of 130MW duo by Elsewedy Electric and EDF plus 65MW latest bifacial batch by Scatec Solar and partners.
Firm marks commercial launch of PPA-backed 40MW Mocuba, developed alongside private equity backer and touted as country’s first large-scale PV plant.
Scatec Solar and its partners have grid connected its third solar power plant in Malaysia, the 66 MW Merchang plant. Scatec now boasts a 197MW PV pipeline within the country.
Scatec Solar and its partners have closed financing on the 55MW Chigirin project in central Ukraine, representing a total investment of $46.9 million.
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.
Pre-selected names including Scatec Solar and Masdar have three months to finalise bids for world’s reported first saltwater floating PV scheme.