Scatec Signs Memorandum with Equinor and Hydro to Develop 480 MW Solar Power Plant in Brazil

Written by Valdemar Medeiros

Published on 10/12/2020 at 09:47

Ilustração – Brasil e painel solar

Be the first to react!

Scatec Signed a Memorandum of Understanding (MoU) on Wednesday (9) with Equinor and Hydro for the Purpose of Simultaneous Development of a 480 MW Solar Power Plant.

With a focus on solar energy and a well-developed balanced reference, the renewable energy niche in Brazil has significant long-term potential. Based on this, Scatec and Equinor are simultaneously developing a portfolio of projects in Brazil and currently have a solar power plant of 162 MW in operation.

According to Terje Pilskog, Partnership Between Hydro and Equinor Promises to Yield Good Fruits

According to Terje Pilskog, EVP Project Development & Project Finance at Scatec, said: “We are pleased to enter into this partnership with Hydro and Equinor, and we believe it will be a fruitful synergy. We all have mutual interests in cooperating and developing this solar energy project, combining Scatec and Equinor’s experience in large-scale renewable energy projects with Hydro’s strong expertise in energy markets and its demand for clean and economical energy in Brazil.”

Hydro’s intention is to ensure that by 2030, at least 30% of CO2 emissions are reduced in its operations, with most of this reduction coming from Brazil.

ARTICLE CONTINUES BELOW

The Three Companies Will Reach an Investment Decision for 2021

The MoU provides a basis for the project to be carried out at a site already defined in Rio Grande do Norte, by Scatec and Equinor. The MoU offers joint ownership and project development by all three parties and the withdrawal of part of the production by Hydro. Subject to final agreement, the companies aim to reach an investment decision by mid-2021.

Scatec Signs Memorandum with Equinor and Hydro to Develop 480 MW Solar Power Plant in Brazil

Scatec Signed a Memorandum of Understanding (MoU) on Wednesday (9) with Equinor and Hydro for the Purpose of Simultaneous Development of a 480 MW Solar Power Plant.

Read Also

According to Terje Pilskog, Partnership Between Hydro and Equinor Promises to Yield Good Fruits

The Three Companies Will Reach an Investment Decision for 2021

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Saudi Arabia and Qatar signed the agreement to connect Riyadh to Doha with a high-speed train traveling at 300 kilometers per hour, covering 785 kilometers of desert in about two hours.

Can buying a small farm become a trap? When the dream of weekend relaxation turns into weeds, maintenance, bad roads, and endless expenses.

Country begins releasing crocodiles into protected area to try to save critically endangered species and restore degraded freshwater ecosystem in Cambodia

Scatec Signs Memorandum with Equinor and Hydro to Develop 480 MW Solar Power Plant in Brazil

Scatec Signed a Memorandum of Understanding (MoU) on Wednesday (9) with Equinor and Hydro for the Purpose of Simultaneous Development of a 480 MW Solar Power Plant.

Read Also

According to Terje Pilskog, Partnership Between Hydro and Equinor Promises to Yield Good Fruits

The Three Companies Will Reach an Investment Decision for 2021

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

France launches tenders for 12 GW in renewable energy, bets on offshore wind and imposes restrictions on Chinese components to accelerate energy sovereignty, protect European factories, and reduce dependence on oil and gas amid global pressure.

Advancement in renewable energy: researchers from UFPB and UNI of Peru create an unprecedented digital twin for a green hydrogen plant; Model is capable of simulating real-time operations and reducing industrial failures in strategic clean energy projects in Latin America.

At 4,400 meters of altitude in the Himalayas, where the air is so thin it makes breathing difficult, India’s state oil company drilled a thousand meters of rock to reach a 240-degree subsoil and set up the country’s first geothermal plant.

An “invisible” plant can transform rivers meeting the sea into electricity 24 hours a day: French startup uses nanotechnology to extract energy from the salt difference between fresh and saltwater, without sun, wind, dam, or fuel.

An “invisible” plant can transform rivers meeting the sea into electricity 24 hours a day: French startup uses nanotechnology to extract energy from the salt difference between fresh and saltwater, without sun, wind, dam, or fuel.

Saudi Arabia and Qatar signed the agreement to connect Riyadh to Doha with a high-speed train traveling at 300 kilometers per hour, covering 785 kilometers of desert in about two hours.

Can buying a small farm become a trap? When the dream of weekend relaxation turns into weeds, maintenance, bad roads, and endless expenses.

Country begins releasing crocodiles into protected area to try to save critically endangered species and restore degraded freshwater ecosystem in Cambodia