Norwegian renewables company Scatec is all set to develop a 532MW solar PV project in Brazil.
The Mendubim project is located in the municipality of Assu in the Brazilian state of Rio Grande do Norte. The project will be built in partnership with Norwegian energy companies Equinor and Hydro.
Construction of the project will be under a US$320 million investment after the agreement from state authorities.
A local report mentioned, "The size of the project has increased significantly since it was first mooted at the end 2020, when it had a planned capacity of 480MW. In Q4 2021, Equinor and Hydro signed commitments outlining commercial terms for 20-year power purchase agreements."
Axel Holmberg, senior vice president of business development in Latin America for Scatec, remarked that Brazil is a key growth market. Scatec had a pipeline of 2,147MW in Latin America so far, the company said.
Meanwhile, the Mendubim complex is one of more than 40 solar projects scheduled to operate in Rio Grande do Norte until 2026. The company informed that once completed, Mendubim will be the largest project in the state.
The project is expected to become operational by the end of 2023.
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