Scatec ASA, together with its partners Hydro Rein (part of Norsk Hydro ASA) and Equinor ASA, has announced the supply and production of electricity from the Mendubim solar plant in the state of Rio Grande do Norte, Brazil. The 531 MW solar plant, comprising several projects, 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 supplier of alumina for the aluminium industry, majority owned by Hydro ASA, covering approximately 60 per cent of the anticipated power output. The remaining capacity will be marketed in the Brazilian power market. All three partners have an equal economic interest of 30 per cent in the project. In conjunction with the start of commercial operations, Alunorte has exercised its call option and now holds the remaining 10 per cent.
In February 2024, Scatec ASA inked a deal to build a 1 GW solar project that will supply clean energy to Egypt Aluminium Company’s facility in Nagaa Hammadi, Upper Egypt. As per the agreement, Egypt’s Ministry of the Public Business Sector announced that the 500 MW solar park will be built in two stages, the first of which will be finished in 18 months after the deal is signed and the second in 24 months. The facility will be situated next to Nagaa Hammadi’s aluminium factory.
