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Scatec Solar Signs Strategic Collaboration Agreement for 485 MW in Vietnam

Oslo, Norway - Scatec Solar has signed a strategic collaboration agreement with Vietnamese partner MT Energy (MTE) for 485 MW of solar PV. The strategic collaboration agreement covers three projects located in Binh Phuoc, Quang Tri, and Nghe An provinces.

The projects total 485 MW and are targeted to be realised under a new feed-in tariff regime that is expected to be launched later this year.

The agreement will be presented to the Vietnamese Prime Minister, Norway’s Minister of Trade and Industry and other high-level officials during a Vietnam-Norway business forum organized as part of the Vietnamese Prime Minister’s official visit to Norway.

Scatec Solar is envisioned to provide the project’s equity funding. In addition, the company will be the turn-key EPC provider and will be providing Operation & Maintenance as well as Asset Management services to the projects.

Source: IWR Online, 27 May 2019