Scatec signs 10 year PPA for 142MW solar PV project in Brazil

CBCIE Time：Apr 29, 2024 09:14 Source：pv-tech

Norwegian renewable energy developer Scatec has signed a 10-year power purchase agreement (PPA) with a local unit of fellow Norwegian energy company Statkraft for a 142MW solar PV plant in Brazil.

The PPA will cover about 75% of the expected power produced by the solar PV plant located in Minas Gerais. The estimated total capital expenditure (capex) for this solar PV project is US$94 million, which will be financed by non-recourse financing covering about 63% of this amount with the balance funded by equity from Scatec.

Key Words:

Europe solar photovoltaic

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