Scatec Solar’s first solar plant in Brazil in commercial operation

Scatec Solar is together with partners Equinor and Apodi Par pleased to announce that the 162 MW Apodi Solar plant is grid connected and in commercial operation.

“We have successfully realized our first solar power plant in Brazil and yet again confirming our strong track record as an independent solar power producer. We see significant potential for further growth in Brazil and other parts of Latin America, and we will soon start construction of a new 117 MW solar plant in Argentina in partnership with Equinor”, says Raymond Carlsen, CEO of Scatec Solar.

“This is a strategic milestone for Equinor. Apodi was our first step into the solar industry. With the plant now in operations and through our excellent collaboration with Scatec Solar, we are complementing Equinor’s portfolio with profitable solar energy. Apodi adds to our portfolio in Brazil, a core area for the company. This also shows that we are well underway on our journey to become a broad energy company turning natural resources into energy for people and progress for society”, says Pål Eitrheim, EVP of New Energy Solutions in Equinor.

The Apodi Solar project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. Apodi Solar holds a 20-year Power Purchase Agreement (PPA) with CCEE, the Brazilian Power Commercialization Chamber. The plant is located in the state of Ceará, Brazil and is expected to provide about 340,000 MWh of electricity per year, providing energy for more than 170,000 households. The clean energy produced by the Apodi Solar plant is equivalent to a CO2 reduction of around 200,000 tons per annum.

In October 2017, Scatec Solar established a 50/50 Joint Venture (JV) with Equinor to build, own and operate large scale solar plants in Brazil. The JV is responsible for operation and maintenance as well as asset management of the solar plant.

The Apodi Solar plant is owned 43.75 percent by Scatec Solar, 43.75 percent by Equinor and 12.5 percent by the holding company Apodi Participações formed by the Brazilian companies Z2 Power, Pacto Energia and Kroma Energia.

Scatec Solar now holds 519 MW of solar power plants in operation, 895 MW under construction and about 4.5 GW in project backlog and pipeline.

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