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.
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.
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.
