Norwegian oil group Equinor – formerly Statoil – has agreed to take a 9.7% interest in its solar developer compatriot Scatec Solar ASA, for $82.4 million. The transaction, made through the ...

The estimated total capital expenditure (capex) for the solar plant is EUR 140 million, to be financed by non-recourse financing and equity from Scatec and partners, with a targeted leverage of ...

In South Africa, the company was awarded a 20-year power purchase agreement (PPA) for a 288MW solar PV project. Scatec also started construction on several solar PV projects in Q4 2024.

The deals will expand Scatec's solar and battery storage capacity in the country to 64.4 MW of solar and 38.2 MWh of BESS across two sites. The company completed the solar plants in Maroua and ...

Approximately 1.5 GW of solar PV and onshore wind was awarded in this first round in Romania, while the remainder of a total auction plan of 5 GW is expected to be awarded in 2025. With this award, ...