Scatec Solar plugs in 35-MW PV plant in Honduras

Norwegian independent solar power producer Scatec Solar ASA (OSL:SSO), in partnership with Norfund, has brought the 35-MW Los Prados solar power plant in Honduras to commercial operation, Scatec announced today.

The photovoltaic (PV) plant, with which Scatec’s asset portfolio in Honduras reaches 95 MW in total, is now grid connected. The ownership of Los Prados solar plant is distributed respectively to 70% by Scatec Solar and 30% by KLP Norfund Invest.

The project has a 20-year power purchase agreement (PPA) with state-owned utility Empresa Nacional de Energia Electrica (ENEE). The plant is expected to produce about 73,000 kWh of electricity annually, which would be enough to meet the consumption of more than 16,300 homes. Scatec estimates that the clean energy from the Los Prados plant will contribute to a reduction in carbon dioxide (CO2) emissions of almost 40,000 tonnes per year.

"Investing in clean energy is a priority for Norfund and we are pleased to expand our partnership with Scatec Solar with this second solar power plant in Honduras", commented Mark Davis, EVP Clean Energy at Norfund.

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