Scatec Solar Passes 1.5 GW Mark for Operational PV Projects

Scatec Solar has passed the milestone of 1.5 GW solar capacity in operation globally with the commissioning of its latest 54 MW project in Ukraine

Scatec Solar has announced that it has, along with its partners, grid-connected and started commercial operations of the 54 MW Boguslav solar project in the Kyiv region of Ukraine. And with that, the firm has stated that it has passed the milestone of 1.5 GW solar capacity in operation globally.  In addition to operational assets, the firm also stated that a portfolio of 399 MW capacity is under construction, of which 235 MW is in Ukraine.

“We are pleased to complete our second project in Ukraine, in less than ten months after closing the financing. The Boguslav solar plant will lead to the abatement of more than 55,000 tonnes of CO₂ emissions and contribute to growing the share of renewable energy in the country, says Raymond Carlsen, CEO of Scatec Solar.

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The project is realised under Ukraine’s Feed-in-Tariff scheme and is expected to deliver about 61 GWh per year. The Boguslav plant will be providing clean energy for up to 27,000 households. Public land has been leased for an extended time-period and the solar power plants are expected to deliver power also beyond the Feed-in-tariff period.

In April, the firm had announced that it has started commercial operation of the third 86 MW solar plant in Upington, South Africa, completing the 258 MW solar power complex. The 86 MW facility, known as Dyason’s Klip 2, is expected to produce 217 GWh annually. The Upington solar power complex is estimated to deliver annual production of 650 GWh, providing clean energy to around 120,000 households and lead to the abatement of more than 600,000 tonnes of CO2 emissions annually.

“We are proud to have achieved this major milestone. Power supply is considered critical infrastructure, and we are pleased to be supporting South African power supply with renewable energy to another 40,000 households annually,” Carlsen had said at the time.

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In January, the firm reported strong growth in the fourth quarter of 2019 with proportionate revenues of NOK 1,642 million (1,666) (USD 181 million), and EBITDA of NOK 434 million (329). Power production reached 298 GWh on a proportionate basis, up almost threefold from the same period last year, adding to existing predictable and long-term cash flows.