The Norwegian developer’s first solar project in the eastern European country is expected to help the region of Cherkasy reduce its energy shortage.
Scatec Solar, alongside Norfund Investments and Electricidade de Mozambique have closed financing and begun construction on the first utility-scale solar plant in Mozambique, a 40 MW project to be located close to the city of Mocuba.
The large-scale solar plant is set to be built in Chandpur, in the Chittagong Division of Bangladesh.
The Norwegian developer had 322 MW of PV projects in operation and 394 MW under construction at the end of the fourth quarter of last year.
Scatec Solar will construct 40 MW plant, which is expected to be grid connected in the second half of 2019.
Norwegian based project developer Scatec Solar has announced the successful placement of NOK 750 million ($92 million) in unsecured green bonds.
Norwegian project developer Scatec Solar has announced financial close on six projects totaling 400 MW, to be built as part of the enormous 1.8 GW Benban Solar Park located in upper Egypt.
The Brazilian bank has agreed to finance three PV projects totaling 350 MW of the Italian energy giant Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.
Most of the large revenue increase is due to construction revenues in Honduras and Malaysia and to project development margin on a transaction that the company closed with Norwegian oil producer Statoil in Brazil.
The Spanish inverter specialist is to supply solar farms being built in Malaysia by Norway’s Scatec Solar, which in turn is working with local ITRAMAS-led consortium on three 21-year PPAs with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB).
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