Scatec Solar and Norfund's second solar plant in Honduras in commercial operation
October 01 2018 - 2:30AM
Oslo, October 1, 2018: Scatec Solar and Norfund's
35 MW Los Prados solar power plant in Honduras is now grid
connected and has reached commercial operation (COD).
"We are very pleased to have completed the Los
Prados solar plant in close cooperation with our partners and the
Honduran authorities. With this milestone our asset portfolio in
Honduras reaches 95 MW, confirming our track record in the Latin
American solar market", says Raymond Carlsen, CEO of Scatec
Solar.
"Increased access to renewable energy is crucial
for economic development, poverty reduction and addressing climate
change. Investing in clean energy is a priority for Norfund and we
are pleased to expand our partnership with Scatec Solar with this
second solar power plant in Honduras" says Mark Davis, EVP Clean
Energy in Norfund.
The Los Prados project holds a 20-year power
purchase agreement (PPA) with the state-owned utility Empresa
Nacional de Energía Eléctrica (ENEE). The plant is expected to
provide about 73,000 kWh of electricity per year, providing energy
for more than 16,300 households. The clean energy produced by the
Los Prados plant will contribute to a CO2 reduction of almost
40,000 tons per annum.
The solar power plant is owned 70 percent by
Scatec Solar and 30 percent by KLP Norfund Invest.
About Scatec Solar
Scatec Solar is an integrated independent
solar power producer, delivering affordable, rapidly deployable and
sustainable clean energy worldwide. A long- term player, Scatec
Solar develops, builds, owns, operates and maintains solar power
plants and has an installation track record of 1,000 MW. The
company is producing electricity from 322 MW of solar power plants
in the Czech Republic, South Africa, Rwanda, Honduras and Jordan
and has 1,092 MW under construction.
With an established global presence and a
significant project pipeline, the company is targeting a capacity
of 3.5 GW in operation and under construction by end of 2021.
Scatec Solar is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more,
visit www.scatecsolar.com.
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scatec Solar ASA via Globenewswire
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