Scatec Solar observing project conclusion hold-ups of 'as much as 5 months'

May 13, 2020 01:33 PM ET
  • Scatec Solar has claimed its websites incomplete could be postponed by approximately 5 months as a result of numerous pandemic-related restraints.
Scatec Solar observing project conclusion hold-ups of 'as much as 5 months'
Image: Scatec Solar

Coverage its Q1 2020 results late recently, the Norwegian solar developer claimed that while it had yet to experience any type of influence on its fleet of running possessions, the projects it had still to finish had actually experienced days in appointing.

President Raymond Carlsen claimed "slower project advancement tasks" were currently coming to be noticeable, with the firm's outcomes approximating existing hold-ups at in between 2 to 5 months for those unfinished.

Verification of the hold-ups happens 6 weeks after the independent power company claimed it was "prematurely" to anticipate any type of potential effect on project conclusion timelines triggered by the pandemic.

Scatec Solar has around 400MW of projects presently unfinished, split in between 3 projects in Ukraine as well as one each in Argentina and also Malaysia. All bar the 148MW Progressovka project in Ukraine have actually finished, yet all are still anticipated to get in industrial procedure later on this year.

An additional 520MW-- spread out throughout Tunisia, Ukraine, Bangladesh as well as Mali-- attributes in the business's "stockpile", specified as projects with protected off-take contracts with a thought about 90% possibility of proceeding to conclusion.

Scatec Solar's pipe currently totals up to greater than 5.3 GW, a mild get on the 5.2 GW it stated at the end of Q4 2019.

"Our tactical concerns remain firm as well as we see appealing project possibilities in our target audience," Carlsen included.

On the back of projects finished throughout 2019, Scatec Solar reported power manufacturing from functional websites to have greater than increased year-on-year in Q1 2020, getting to 349GWh.

Solar Installers, Manufacturers