At a Glance: Scatec Solar's LatAm portfolio
Argentina and Brazil are the main focus for Scatec Solar in Latin America where the company's project pipeline reaches 551MW, of which 397MW are in Brazil and 50MW in Argentina.
The Oslo-based group highlights Argentina's RenovAr renewable energy auctions and Brazil's strong solar footprint.
Scatec, together with Equinor, looks to acquire project rights from previous rounds and secure sites for upcoming calls, as well as negotiate PPAs, in these markets.
In the region, Scatec currently operates the 60MW Agua Fría plant (pictured, side photo) in Honduras where the company also is building the 53MW Los Prados park.
BACKLOG
During the company's second quarter results presentation on Friday, Scatec CEO Raymond Carlsen said that panel installation for Los Prados' 35MW first phase is nearing completion and that the substation has been finished.
Grid connection for Los Prados is expected at the end of this quarter or early 4Q18, he added.
Work is also "picking up speed" at the 162MW Apodi project in Brazil after heavy rainfall with grid connection expected next quarter, according to Carlsen.
Regarding the 117MW Guanizuil IIA project in Argentina, the executive said that Scatec is looking for debt financing, which will be in place after the commercial operations start up.
To begin construction, which is due to kick off this half, Equinor is providing financing, with operations penciled in to begin by end-2019.
For Scatec, project backlog is defined as projects with a secure off-take agreement assessed to have more than 90% probability of reaching financial close and subsequent realization; project pipeline is defined as projects that do not yet have a 90% probability of reaching financial close and subsequent realization, but whose feasibility and business case has been verified by Scatec.
Scatec company-wide projects:
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