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.
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.
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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