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has actually gotten even more shares in Norwegian solar developer Scatec. The acquisition of five million shares from Scatec Innovation for Nkr305m

Scatec and Equinor have agreed to sell their stakes in the 117-MW Guanizuil IIA solar farm in Argentina to Argentine power producer Central Puerto SA. Scatec will be exiting from the country as part of the sale. The solar farm was connected to the grid in 2021 as a project owned by a 50/50 joint venture between the two companies. Equinor had provided a non-recourse bridge loan to the JV during construction. Unfortunately, due to Argentina’s political and economic situation, the refinancing was not possible. As a result, Scatec recognized an impairment charge of NOK 350 million in its second-quarter earnings report. Have Scatec and Equinor Exited Argentina's Solar Market? Scatec Solar and Equinor have agreed to sell their 50/50 joint venture stake in the 117-MW Guanizuil IIA solar farm located in Argentina, with Scatec exiting from the country as part of the transaction. The solar farm was connected to the grid in 2021 and was financed by a non-recourse bridge loan provided by Equinor. Due to Argentina’s political and economic situation, the refinancing of the solar plant was not possible. As a result, Scatec recognized an impairment charge of NOK 350 million in its second-quarter earnings report. The sale of the solar farm is still subject to certain closing conditions and is expected to close in the third quarter of 2021.

renewables programmer Scatec has grid connected and also began commercial procedures at a 148MW solar farm in Ukraine. The Progressovka project lies in

Scatec has reached a $962m economic close on a 540MW solar and battery storage portfolio in South Africa. Construction will now begin on three PV sites and also a 225MW storage center in the Kenhardt region of the Northern Cape Province which are being established under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP). As soon as operational the project will certainly provide 150MW of dispatchable power under a 20-year Power Purchase Agreement to the area. It will be the largest investment in Scatec's background with an overall capex of around $962m to be funded by equity from the proprietors and $727m in non-recourse project financial debt, moneyed in local currency. The debt will be provided by a group of lending institutions which includes The Standard Bank Group as arranger and British International Investments, Scatec said. Scatec will certainly own 51% of the equity in the project, with H1 Holdings, a regional Black Economic Empowerment companion having 49%. The renewables designer will also be the engineering, procurement and also construction supplier and also provide procedure and also maintenance as well as asset management solutions to the PV plants as part of a $800m contract. Scatec president Terje Pilskog claimed: "Achieving commercial and also financial close for the Kenhardt projects reveals true commitment by our Scatec group and partners. " This project is an initial of its kind and also will be among the world's biggest solar and battery centers. " We are now expecting starting construction of this special and also exciting project, which will be a significant contribution to South Africa's economic situation as well as green power industry. Sub-Saharan Africa general manager Jan Fourie stated: "This is a crucial landmark in the procurement of renewable energy and proves that the field can be trusted to provide much-needed electrical power capacity to the grid."

independent power producer Scatec Solar passed the 1 GW mark for installed generation capacity this month after finishing new sites in Ukraine and Egypt.

energy company Scatec ASA has sold its 52.5% equity share in the 40 MW Mocuba solar power plant in Mozambique to independent power producer Globeleq for

independent power producer (IPP) Scatec Solar ASA has posted strong numbers with its second quarter 2019 results. The PV company’s

Scatec Solar and its partners have grid connected its third solar power plant in Malaysia, the 66MW Merchang plant. Scatec now boasts a 197MW PV pipeline within the country.    Raymond Carlsen, CEO of Scatec Solar, said: “We are pleased to have reached another important milestone together with our partners in Malaysia. This also marks the completion of Scatec Solar’s first large scale solar project in South East Asia, a market where we are working on several interesting opportunities.”   The Merchang plant is expected to generate around 94,000 MWh of electricity per year, while the site started to generate revenues on 31 May 2019. The clean energy produced by the plant will help avoid about 70,000 tonnes of carbon emissions per year and provide more than 31,000 households with electricity.   Back in December 2016, Scatec Solar entered into the Malaysian large-scale solar energy market by forming a partnership with a local ITRAMAS-led consortium that had signed three 21-year PPAs with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB).    This partnership led to the development of three solar plants totaling 197MW with a total investment of about US$293 million.    With the grid connection of this site, Scatec Solar currently has plants with a total capacity of 911MW in operation and another 993MW under construction.

Scatec Solar has announced that it has achieved financial close for its three Grootfontein solar projects, with a combined capacity of 273MW, in South Africa. The projects were awarded after the fifth bidding round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Scatec will have a 51% equity stake in the projects, with H1 Holdings, its local Black Economic Empowerment partner, owning 46.5% and the Grootfontein Local Community Trust 2.5%. Construction is slated to begin in the first quarter of 2024, with expected completion in 2025. The projects are estimated to cost $270 million and will be financed by equity from the owners and $241 million of non-recourse project finance debt provided by Standard Bank of South Africa. Once operational, the solar plants will provide renewable energy to approximately 100,000 households in the region. What are the Finances for Scatec Solar's Grootfontein Projects? Projects will be completed in 2025 Cost of projects estimated to be $270 million Standard Bank of South Africa to provide $241 million of non-recourse project finance debt Scatec to own 51% equity stake in projects, H1 Holdings to own 46.5%, and Grootfontein Local Community Trust 2.5% Construction to begin in first quarter of 2024 Projects will provide renewable energy to approximately 100,000 households in the region

has acquired 6,500,000 shares in Scatec Solar, corresponding to 5.2 percent of the shares and votes, at a total purchase price of NOK 754 million (USD 84

nonetheless earnings dropped 37% to NOK398 million (US$ 41.62 million). Scatec possesses and runs 336MW of solar PV in Ukraine. While it verified that 95% of

large-scale gamer throughout multiple renewable energy innovations. Scatec Solar is to get SN Power from Norfund, the state-owned investment fund which

offtaker for some of the solar ranch's production. The MoU will certainly see Scatec and Equinor contribute to an expanding portfolio of onshore renewables

hands down to a fund handled by STANLIB Asset Management Pty Ltd, which Scatec introduced as the buyer previously this year. The purchase shut for a gross

Norwegian company Scatec has put its largest solar plant in Ukraine on the free market. This decision was made at the beginning of the summer when the regulatory