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Scatec snaps up Nigerian solar

100MW Nova Scotia plant expected to reach financial close next year

Scatec snaps up Nigerian solar image

Scatec Solar has acquired the 100MW Nova Scotia solar plant in Jigawa State in Nigeria from Canadian developer CDIL and Nigerian consultancy BPS.

Solar will develop, build, own and operate the solar power plant, which is expected to reach financial close in 2017 and commercial operations 12 months later.

The project has a 20-year power purchase agreement with the Nigerian Bulk Electricity Trading, which was signed in July.

Scatec Solar chief executive Raymond Carlsen said: “With the quality of its site, development standards and equity funded by Scatec Solar and its partners, the project is ideally positioned to progress rapidly to financial close.”

Image: Scatec Solar

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