•  
  •  
  •  

Scatec Solar finds partner for 485 MW of PV in Vietnam

Source: Scatec Solar. License: All Rights Reserved.

May 24 (Renewables Now) - Oslo-based Scatec Solar ASA (OSL:SSO) is teaming up with MT Energy (MTE) to develop 485 MW of solar photovoltaic (PV) projects in Vietnam.

More specifically, the Norwegian company has entered into a strategic collaboration agreement with the Vietnamese energy firm that covers the development, financing, construction and operation of three large-scale PV projects in Binh Phuoc, Quang Tri and Nghe An provinces. Each of them is expected to be executed under a new feed-in tariff (FiT) regime that should be launched later in 2019, the announcement says.

“With this partnership we take the first step in positioning Scatec Solar for the growing solar market in Vietnam,” the company’s CEO Raymond Carlsen said, adding that Scatec Solar sees “tremendous” solar potential in the country.

The Norwegian company will provide the equity funding for the projects and also take care of engineering, procurement and construction (EPC) work, as well as the plant’s operation and maintenance.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription