Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
Scatec Solar has struck a US$1.1 billion deal to acquire leading hydropower developer SN Power, touting the potential for floating solar on hydro reservoirs.
A round-up of the latest solar project development news from around the world, as Sungrow wins a significant order for its 1500V inverters, Scatec Solar completes a notable project in Malaysia and Hive Energy continues Spain’s solar run.
Scatec Solar doubled its year-on-year power production in Q2, as the company said it has experienced “limited impact” of COVID-19 on operating assets or on delivery of power to customers.
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.
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.
Project of 100MW proposes cheapest tariffs for hugely oversubscribed 500MWac grid-connected solar tender, the third of a series for Southeast Asian state.
