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.
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.
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.
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.
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.
The Norwegian solar park developer signs joint development agreement with Africa50, an African infrastructure fund that is sponsored by the African Development Bank, to bring funding and support to the 100 MW Nova Scotia solar park.
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