BRIEF-Scatec Solar acquires majority stake in 2 two solar projects in Brazil

lunes 1 de febrero de 2016 03:08 GYT

Feb 1 (Reuters) - Scatec Solar ASA :

* Secures 78 MW solar projects in Brazil

* Has signed deal with Spanish company, Grupo Gransolar, to acquire a majority stake in two solar projects totalling 78 MW (DC) in the state of Piaui in Brazil

* Will own 70 percent of the equity and Gran Solar 30 percent

* Says will build, own and operate the two power plants in Piaui

* Projects will enter into 20-year Power Purchase Agreements (PPAs) with ANEEL

* Solar power plants are expected to provide about 164,000 MWh annually to the grid, generating revenues of about 55 million Brazilian Real per year ($14 million)

* Ttotal capital expenditure to realise plants are estimated to BRL 418 million ($105 million)

* Construction is expected to start in Q1 2017 Source text for Eikon:

Further company coverage: (Gdynia Newsroom)