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).
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.
Single-axis solar tracker firm Soltec said it had won the order to supply Scatec Solar 162MW PV project in Quixeré, Northeast Brazil amidst strong competition, bringing its project wins in the country to 909MW.
The International Finance Corporation, a member of the World Bank Group, announced Wednesday that it will provide a financial package of US$55 million to build Mozambique’s first utility-scale PV project.