Equinor acquires 10% stake in Scatec Solar

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 signs PPAs for three solar PV plants in South Africa

Independent solar power producer Scatec Solar has confirmed it had signed Power Purchase Agreements (PPAs) on three solar PV plants in South Africa totalling 258 MW. PV Tech recently highlighted that the South African government has finally signed a total of 27 PPAs after long-running saga of delays.