Brief: Scatec Starts Construction At Urucuia Solar Project In Brazil

Scatec ASA

20/12/2024 15:59

Dec 20 (Reuters) - Scatec ASA  SCATC.OL :
    * STARTS CONSTRUCTION AT THE 142 MW URUCUIA SOLAR PROJECT IN BRAZIL
    * SECURED A DEBT FACILITY OF EUR 25 MILLION
    * ESTIMATED TOTAL CAPITAL EXPENDITURE FOR SOLAR PLANT IS USD 85 MILLION
    * FACILITY TO PARTIALLY FUND CO'S EQUITY SHARE IN PROJECT, BRINGING CO'S EXPECTED EQUITY
INJECTION
TO $28 MILLION
    * HAS SIGNED PPA WITH STATKRAFT FOR PROJECT FOR ABOUT 75% OF EXPECTED POWER PRODUCED
    * COMMERCIAL OPERATIONS EXPECTED TO START IN H1 2026

Source text:  ID:nGNEwDZK5 
Further company coverage:  SCATC.OL 

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