Statoil acquires 40% of Scatec’s 162 MW solar project in Brazil
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.
Scatec Solar’s revenue rise in Q2 on growing power production business
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.
IFC finances Mozambique’s first solar plant with $55 million
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.
Scatec Solar sees turnover and profits grow in first quarter 2017
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.
Scatec Solar secures PPA for 400 MW of solar plants in Egypt
The Norwegian solar developer has obtained a 25-year PPA for six PV power plants totaling 400 MW. The facilities will be located near Aswan in Upper Egypt.
Scatec Solar releases solid 2016 financial results
The Norwegian solar developer saw a significant increase in revenue in 2016. Project backlog also increased to 731 MW. Last year, Scatec secured 309 MW in new projects in Malaysia, Mozambique and Brazil.
PLB Engineering unit to develop 20 MW in Malaysia
PLB Green Solar — a subsidiary of Penang-based construction group PLB Engineering — has secured approval to build the project from the Malaysian Energy Commission.
African Development Bank finances Mali’s first large-scale PV project with $25 million
The government of Mali has secured further funds to build the country’s first large-scale PV project. The 33 MW Segou Solar PV Project will sell power to local utility under a 25-year PPA.
Scatec Solar seeks to develop PV plants in Ukraine
The Norwegian solar developer is considering the construction of two PV plants totalling 60 MW in Ukraine. The company is discussing opportunities with local deputy Minister of Energy.
Scatec Solar enjoy a strong end to 2016 with revenue and EBIT increases
Norwegian integrated solar power producer Scatec Solar has posted strong quarterly and yearly results, which show increases in all of the right areas, including significant revenue and EBIT growth, as well as an increase in power production.
