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Scatec, Equinor Ink Brazilian Solar MoU (Int'l. Report)
Scatec,Equinor
Date: 2020-12-11
Oslo-based renewable power developer and producer Scatec is reporting a Memorandum of Understanding (MoU) with Equinor and Hydro to jointly develop a 480 MW solar power plant on a site already secured in Rio Grande do Norte in Brazil.

The MoU contemplates joint ownership and development of the project by the three parties and offtake of part of the production by Hydro. Subject to final agreement, the companies aim to reach an investment decision in 2021.

Scatec and Equinor are jointly developing a portfolio of projects in Brazil, and currently have a 162 MW solar plant in operation. Scatec is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. (Source: Scatec, PR, 9 Dec., 2020) Contact: Scatec, Terje Pilskog, EVP Project Development & Finance, +47 950 38 364, www.scatecsolar.com; Equinor, www.equinor.com

More Low-Carbon Energy News Scatec,  Equinor,  Solar,  

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