The Apodi Solar project was awarded in the auction process held by ANEEL, the Brazilian Electricity Regulatory Agency, in November 2015. It is 43.75 percent owned by Scatec Solar, 43.75 percent by Equinor and 12.5 percent by the holding company Apodi Participações formed by the Brazilian companies Z2 Power, Pacto Energia and Kroma Energia. Apodi Solar holds a 20-year Power Purchase Agreement (PPA) with CCEE, the Brazilian Power Commercialisation Chamber. The plant is located in the state of Ceará, Brazil and is expected to provide about 340,000 MWh of electricity per year, providing energy for more than 170,000 households. The clean energy produced by the Apodi Solar plant is equivalent to a CO2 reduction of around 200,000 tons per annum.
In October 2017, Scatec Solar established a 50/50 Joint Venture (JV) with Equinor to build, own and operate large scale solar plants in Brazil. The JV is responsible for operation and maintenance as well as asset management of the solar plant.
Scatec Solar now holds 519 MW of solar power plants in operation, 895 MW under construction and about 4.5 GW in project backlog and pipeline.
“We see significant potential for further growth in Brazil and other parts of Latin America, and we will soon start construction of a new 117 MW solar plant in Argentine in partnership with Equinor” said Raymond Carlsen, CEO of Scatec Solar.
Pål Eitrheim, EVP of New Energy Solutions in Equinor, added that Apodi was the company’s first step into the solar industry and that, with the plant now in operation, and through the company’s collaboration with Scatec Solar, Equinor is now complementing its portfolio with profitable solar energy.
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