Scatec ASA’s Post

Scatec, Hydro Rein, and Equinor Announce COD of Brazilian Solar Plant Scatec ASA, alongside Hydro Rein and Equinor ASA, has announced the operational Mendubim solar plant in Brazil, a pivotal move towards sustainable energy in a major energy-producing nation. This 531 MW project marks Scatec’s second endeavor in Brazil, joining forces with Norwegian partners to secure a 20-year USD-denominated power purchase agreement with Alunorte. Each of the three partners holds an equal economic stake of 30% in the project. With the commencement of commercial operations, Alunorte has exercised its call option, acquiring the remaining 10%. Scatec’s CEO, Terje Pilskog, said, “The Mendubim solar power plant marks a pivotal milestone in realising […] Read the full story here: https://lnkd.in/dEDwnzxy #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #brazil #equinor #hydrorein #renewableenergy #renewableenergy #scatecasa #solarenergy #southamerica

IndiGrid, India's leading power sector infrastructure investment trust (InvIT), has forged a strategic partnership with British International Investment (BII), the Norwegian Climate Investment Fund (Norfund), and Techno Electric & Engineering Co. Ltd. to advance India's renewable energy transmission. This collaboration aims to bolster green energy infrastructure by developing key Interstate Transmission System (ISTS) projects. IndiGrid recently operationalized its first greenfield ISTS project, Kallam Transmission Limited, and secured five additional projects, including Battery Energy Storage Systems (BESS). With a projected capital expenditure of INR 2,000 crores over the next 12-24 months, these projects will facilitate the evacuation of approximately 6 GW of renewable energy in Madhya Pradesh and Maharashtra. This partnership highlights the growing investment opportunities in India's energy transition and underscores the critical need for robust infrastructure to meet the country's ambitious decarbonization goals. #renewableenergy #transmission #energytransition #indigrid #sustainability #cleantech #india #investment #funding #solar #solarower #renewables #solarenergy #cleanenergy

Scatec and Aeolus Partner to Develop 120 MW Solar Projects in Tunisia Scatec ASA and Aeolus SA, part of the Japanese conglomerate Toyota Tsusho Group, have signed a partnership agreement to jointly develop and own renewable energy projects in Tunisia. Financial close has been achieved for the 120 MW Sidi Bouzid and Tozeur solar projects (each 60 MW), which are part of this agreement. Scatec will now commence construction. Under the partnership, Aeolus has acquired a 49% stake in the projects, while Scatec holds the remaining 51%. With Aeolus’s participation, the project has been selected by Japan’s Ministry of the Environment for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects […] Read the full story here: https://lnkd.in/dzKgCWBe #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #aelouspartner #africa #renewableenergy #renewableenergy #scatec #solarenergy #tunisia

Scatec ASA and AEOLUS SAS, part of the Japan’s Toyota Tsusho Group, have signed a partnership agreement to jointly develop and own renewable energy projects in Tunisia. In addition to the new collaboration, Scatec has reached financial close for the 60 MW Sidi Bouzid and 60 MW Tozeur solar power plants, which are two projects that form part of the partnership agreement. As part of the new partnership, Aeolus has acquired a 49% stake in the projects, while Scatec retains a 51% share. The inclusion of Aeolus has allowed the project to be selected for the Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2023 by Japan’s Ministry of the Environment. With the financing secured, Scatec will now commence construction of these projects. The total project cost is estimated at €79 million, financed through a combination of non-recourse project finance debt, concessional loans, and equity from the partners. The Japanese carbon credit funding, which will be received post-commercial operation date (COD), will effectively reduce the equity funding need to approximately 15%. The senior lenders for these projects include the European Bank of Reconstruction and Development (EBRD) and Proparco, with concessional financing from the Clean Technology Fund and the Global Environment Facility. “We are excited to welcome Toyota Tsusho – Aeolus on board for the development of our projects in Tunisia,” said Scatec CEO Terje Pilskog. “We are delighted to have partnered with Scatec on these projects,” stated Aeolus CEO Hideharu Toba. “We extend our gratitude to Scatec for their persistent efforts over the years and their trust in us. These projects mark Aeolus’s first commemorative investment since our establishment in March 2024." In 2019, Scatec secured 20-year power purchase agreements (PPA) with options for a 10-year extension with the Tunisian state utility Société Tunisienne de l'Electricité et du Gaz (STEG). “We are proud to partner with Scatec and Aeolus – Toyota Tsusho Group on their first utility-scale solar projects in Tunisia,” noted Nandita Parshad, Managing Director Sustainable Infrastructure Group EBRD. Françoise LOMBARD, CEO at Proparco, commented: “The entire Agence Française de Développement Group, including Proparco, remains committed to the Tunisian authorities’ ambitious goal of increasing the share of renewable energy in the country’s power generation mix to 35% by 2030." #cleanenergy

Sunview Group Berhad Ventures into Renewable Energy Markets: Forges Strategic Joint Venture with Vision Ambassadors for Expansion Sunview Group Berhad, a major player in renewable energy (RE) endeavors, has announced a preliminary joint venture agreement with Vision Ambassadors Company for International Trade Consultancy, LLC, aimed at establishing Sunview (Middle East) LLC. The collaboration seeks to explore and invest in RE opportunities across the Middle East, Gulf Cooperation Council, and Central Asia regions. Under the agreement, Sunview’s subsidiary, Fabulous Sunview Sdn Bhd, will hold a 40% stake in the newly formed special purpose vehicle (SPV), with Vision Ambassadors holding the remaining 60%. The SPV, capitalized at SAR 100,000.00 (approximately RM127,533.00), will focus on identifying potential RE projects, coordinating […] Read the full story here: https://lnkd.in/dQhGpQeN #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #renewableenergy #southeastasia #sunviewgroupberhad #sustainability #visionambassadorscompanyforinternationaltradeconsultancy

🚀 A milestone for Egypt Green Hydrogen Scatec's project hits a landmark with Fertiglobe's 20-year ammonia offtake agreement. It is a step for green hydrogen and ammonia production in Egypt, leveraging abundant renewable energy and strategic location. 🌱 Project aims: 100 MW electrolyser, 270 MW solar/wind power, producing 13,000 tonnes renewable hydrogen, 74,000 tonnes renewable ammonia annually. 🤝 Partners: Scatec, Fertiglobe, Orascom Construction, Sovereign Fund of Egypt, EBRD, EIB, DEG, BII, DFC. 📅 Next steps: Select electrolyzer supplier, complete financing, and achieve financial close by H1 2025. 🌍 SCZONE's role: Egypt as a green hydrogen hub, demonstrating EU support and Egypt’s renewable potential. 📢 #GreenHydrogen #Sustainability #RenewableEnergy #ClimateAction #Egypt #HydrogenEconomy

Scatec, Equinor and Hydro Rein begin operations at 531MW Brazil plant. 💡 Norwegian renewables developers Scatec, Hydro Rein, and Equinor have started operations at the 531MW Mendubim solar plant in Rio Grande do Norte, Brazil. 💡 This is Scatec's second project in the country. 💡 The plant has multiple projects and a 20-year PPA with Alunorte, guaranteeing the purchase of 60% of the plant's power production. 💡 Each partner owns a 30% stake in the project, and Alunorte has exercised its option to acquire the remaining 10% interest. 💡 Scatec CEO emphasized the strategic importance of the project and the partnership with Equinor and Hydro Rein. 📄For more exclusive news in energy industry follow the link 👇 https://lnkd.in/dYicJSbZ hashtag#Aqua_energy_expo_magazine

📌Check the comments section for the full News link. 🌿💡Gensol Engineering & Matrix Gas & Renewables Consortium: Lowest Bidder for India’s First Bio-Hydrogen Project! 🌟🔋Gensol Engineering Limited, in partnership with Matrix Gas and Renewables Limited, has emerged as the lowest bidder for the development of India’s pioneering Bio-Hydrogen project! 🚀🌱 Anmol Jaggi, Chairman and Managing Director of Gensol Engineering, expressed pride in this milestone, highlighting the consortium’s commitment to innovation and sustainability. 🌍💪Chirag Kotecha, Whole-time Director of Matrix Gas & Renewables, emphasized the project's role in advancing India’s energy transition and setting a model for future initiatives. 🌟 This landmark project underscores the transformative impact of green hydrogen and the dedication of Gensol and Matrix towards a sustainable energy future. 🌱🚀 #GensolEngineering, #MatrixGasRenewables, #RenewableEnergy, #SolarEngineering, #ElectricMobilitySolutions, #GreenHydrogen, #AnmolSinghJaggi, #ChiragKotecha

SAEL Limited Announces 1 Billion Capital Raise and Strategic Partnerships for Expanding Renewable Energy Portfolio In a significant development for the Indian renewable energy sector, SAEL, a leading company specializing in solar and waste-to-energy projects, has successfully forged strategic partnerships and secured a capital raise of up to $1 billion. The announcement was made at an event in New Delhi, attended by dignitaries including the Hon’ble Ambassador of Norway, the Deputy Chief of Mission from the United States of America, and other esteemed guests. Major participants in the capital raise include Norfund, DFC, ADB, Tata Cleantech, along with other financial institutions. The $1 billion capital raise is expected to play a pivotal role in SAEL’s […] Read the full story here: https://lnkd.in/dEjHW6Nd #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #cleanenergy #cleanenergysolutions #india #renewableenergy #sael

Nexamp Secures $520 Million in Capital Raise Led by Mitsubishi Corporation to Propel Community Solar Growth in the United States In a significant move within the renewable energy sector, Mitsubishi Corporation (MC) has announced the successful completion of a $520 million capital raise for Nexamp, Inc., a leading player in the community solar industry in the United States. The funding round was notably led by Manulife Investment Management, with contributions from existing shareholders, including Generate Capital. Since acquiring an initial stake in Nexamp in 2016 and subsequently making it a subsidiary in 2018, Mitsubishi Corporation has been instrumental in driving the company’s growth. This has involved not only financial investments but also the provision of human resources aimed at bolstering […] Read the full story here: https://lnkd.in/dyAG8i7q #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #communitysolar #fundraising #mitsubishicorporation #nexamp #northamerica #u.s.