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New Scatec Solar service offers flexible solar leasing agreements

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Scatec Solar is launching a service that offers industrial players in emerging markets access to flexible, reliable and low-cost power through solar plant leasing.
New Scatec Solar service offers flexible solar leasing agreements
Courtesy of Scatec Solar

The new service, called Release - by Scatec Solar, offers companies flexible leasing agreements of pre-assembled solar and battery equipment, from 1 to 20 MW capacity. The solution is particularly attractive for companies in remote locations that rely on diesel driven power generators but would like access to cost efficient and clean energy. Currently, approximately 600 GW of large-scale diesel is installed globally. This represents a significant market opportunity for smaller scale solar power.

“Scatec Solar is renowned for financing, building and operating large-scale solar plants” said Raymond Carlsen, CEO of Scatec Solar. “Hence, offering smaller scale plants that require limited upfront investment for the customer is a natural step in expanding our emerging markets offering. This ingenious pre-assembled and containerised solution, combined with a financial leasing model, allows us to provide a highly competitive solution to this end of the market. The combination of a leasing agreement and flexible contract length greatly reduces the customer’s financial liabilities. Furthermore, using the customers own site for the solar plant means that less permits and licenses are required, which combined with our pre-assembled product results in shorter preparation and installation time”.

The company has partnered with UK-based Cambridge Energy Partners to deliver the container-based tracker solution. The bifacial solar panels are pre-assembled and will be shipped in containers, delivered and installed at customers’ sites. The modular system enables scalability, quick installation and redeployment.

A battery storage solution is an integral part of the Release offering. The batteries can either be utilised to optimise diesel and solar uptake by reducing spinning reserve and optimising load, or to shift load from day to night. Release has framework agreements in place with Tesla and DEIF for supply of batteries with an integrated solution.

The typical Release-customer is an industry player operating in remote locations, for example off-grid mining operations powered by diesel. However, the solution is also applicable for small utilities with diesel or thermal generation, or on-grid users with high cost of electricity and unreliable power supply. The UN or NGO’s can also benefit from such solar power plants.

Initially, Release will target the African market with its new solar power plant solution. A broad pipeline of projects is already under development with a diversified range of customers. Release’s African operation has been established in partnership with Norfund. Scatec Solar will operate and manage the operations with a dedicated team based on proven capabilities. Release is currently also developing opportunities in Asia and Latin America.

For additional information:

Scatec Solar

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