Alongside its partners, Scatec Solar ASA has been awarded a 40 MW DC PV project through a tender held in Malaysia by the country’s Energy Commission.
The power plant will be located in the state of Perak in Northwest Malaysia, and is expected to deliver 65 GWh of solar power per year, with revenues forecast to be around $6 million.
Construction is due to begin in Q2 2018, with grid connection expected in the second half of 2019.
Operation and maintenance as well as asset management services to the power plant will be provided by Scatec Solar, which will also act as an equity partner and turnkey EPC provider.
U.S.- and Malaysia-based asset management and development company, Fumase, will realise the project alongside Scatec Solar.
“Malaysia is an attractive solar market, and our success in this tender showcases our ability to develop competitive projects in the country, and further highlights Scatec Solar's position as a leading PV player in Southeast Asia”, says CEO Raymond Carlsen.
The awarding of the project comes on the back of a string of announced investments in Malaysia.
Earlier this month a Cypark Resources Berhad (CRB) subsidiary was awarded a 30 MW PV project under the country’s latest solar auction.
Tenaga Nasional Berhad (TNB), a Malaysian utility, was also granted development rights to build a 30 MW solar plant in Malaysia’s Kedah state.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.