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.
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).
Norway’s Scatec Solar has wrapped up financing for three solar arrays it is developing in Peninsular Malaysia, by issuing a 1,000 million ringgit ($237 million) green Islamic bond. Construction has already started on the projects, which will be finished in the next few months.
The Norwegian oil company has also formed a 50/50 joint venture with the fellow solar developer to build and operate large-scale PV plants in Brazil.
The Norwegian developer had a project backlog of 1,143 MW and a project pipeline of 745 MW at the end of the second quarter.
The 40 MW project, which is being developed by Norwegian developer Scatec along with investment fund KLP Norfund Investments, is the country’s first large-scale solar facility.
The Norwegian PV project developer and independent power producer had 322 MW of operational PV plants at the end of the latest quarter, while its project pipeline had reached 745 MW.
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