This marks a significant step in advancing sustainable energy initiatives in one of the world's largest energy-producing countries.
The 531-megawatt (MW) solar plant represents Scatec's second venture in Brazil and is a collaborative effort with Norwegian partners Equinor and Hydro Rein. The companies have secured a 20-year USD-denominated power purchase agreement (PPA) with Alunorte, a leading global supplier of alumina for the aluminium industry majority owned by Hydro ASA, covering approximately 60 percent of the anticipated power output. The remaining capacity will be marketed in the Brazilian power market.
“The Mendubim solar power plant marks a pivotal milestone in realising our strategic objectives and reinforces our position in a prominent renewable energy growth market, bolstered by our partners Equinor and Hydro Rein” said Scatec's CEO, Terje Pilskog. “The burgeoning solar energy market in Brazil aligns with our commitment to sustainable progress, and we are excited to advance this impactful project with approximately 3 million tonnes of carbon dioxide equivalents avoided”.
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