Scatec Solar’s power production doubles in 2016

Scatec Solar’s power production doubles in 2016

Norway’s integrated independent solar power company Scatec Solar doubled its power production from last year, according to a Stock Exchange filing.

Power production hit 183GWh – similar to the previous quarter, but up 104% year-on-year.

The 10MW Oryx plant in Jordan reached commercial operation date (COD) in June, while the 11MW GLAE plant in Jordan reached COD in July 2016.

Seasonally lower production in South Africa in the quarter was offset by higher production in the US and the Czech Republic.

Raymond Carlsen, Scatec Solar’s CEO said: “In the second quarter we are delivering another set of solid financial results, and we are placing new solar plants in commercial operation.

“The market outlook is positive and we continue to invest in our project backlog and pipeline. While we see some shifts in short term timelines on realization of new capacity our long term growth targets remain intact.”

Scatec Solar develops, builds, owns and operates solar power plants. The current project accumulation is currently 422MW and its project pipeline consists of several projects with a combined capacity of 1,156MW. Project opportunities now hold a total capacity of 2,352MW across Americans, Africa, Asia and Middle East.

@RGNOnline