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Scatec Solar

Overseas developers rallying to invest in Bangladeshi solar

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.

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65 MW project connects to the grid in Malaysia

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.

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Scatec Solar continues to post positive results in Q1

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.

Scatec off to a strong start in 2019 with solid financials and pipeline additions

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.

Scatec Solar’s 65 MW Malaysian plant reaches commercial operation

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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227 MW of solar green lit for Bangladesh

The government of Bangladesh this week approved proposals for setting up five solar based power plants, which will generate 227 MW of electricity in this power hungry country.

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Scatec switches on 162 MW solar plant in Brazil

The US$215 million Apodi solar park is located in the city of Quixeré, in the state of Ceará. The project was selected in Brazil’s second auction for renewables, which was held in 2015.

Equinor takes 9.7% stake in Scatec Solar

The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.

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Scatec Solar raises the stakes in South African PV

Norwegian developer Scatec has upped its holding in three operational PV projects in South Africa. Each of the plants is operating under a 20-year PPA with utility Eskom. Scatec’s investments in the country are secured by guarantees from the World Bank Group.

Scatec Solar reports higher revenue, lower profits

The Norwegian developer had 357 MW of PV projects in operation and 1,057 MW under construction at the end of the third quarter of this year.

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