A unit of the Japanese electronics group has finished building a 49 MW solar array in Quang Ngai province, in collaboration with Thailand’s Sermsang Power.
The Ukrainian market has emerged as rather fertile ground for project developers over the last two years, as a newly enacted law has eased uncertainty over the market’s future, with a quota-based auction system set to replace the country’s generous feed-in tariff scheme in 2020.
Scatec Solar has connected the next part of its 400 MW tracking and bifacial PV plant to the grid in Egypt’s Benban complex. The entire project is set to fully come online throughout the second half of the year. Meanwhile, the company has also secured additional funding for a 33 MW solar project in Mali.
A group led by the Singapore-based lender has revealed plans to finance a 30 MW solar project in northwestern Peninsular Malaysia. The companies did not disclose additional details about the financing package.
Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.
Big names in the running for 45-55 MW project in Chittagong as developers scramble to take advantage of an income tax exemption for clean energy investment that is due to expire this year.
Norwegian-headquartered developer Scatec Solar has announced the start of commercial operations for the Jasin Solar Plant, the second of three 65 MW projects the company is working on in Malaysia as part of a consortium led by engineering firm ITRAMAS.
Scatec Solar continued to grow in the first quarter of the year, with a global pipeline of 4 GW and more capacity under construction than in operation. The company expanded slightly less than it did in the preceding quarter, but EBITDA and revenue still grew threefold year on year.
Having put key PV projects into commercial operation, the company is capitalizing on their production. Scatec also has twice its current installed capacity under construction and nearly fourfold that amount – more than 4 GW – in the pipeline as 2018 expectations were surpassed.
It is the first of three solar parks of that size the Norwegian IPP has put in commercial operation in Malaysia’s growing market.
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