Scatec lands solar PF
Scatec has closed a R$150m (US$27m) non-recourse project finance loan backing its 142MW Rio Urucuia solar plant in Minas Gerais.
Banco de Nordeste do Brasil arranged the financing, which adds to a €25m loan deal previously agreed with Impact Fund Denmark to partially fund Scatec’s equity share. Overall project costs are R$506m.
Scatec owns 100% of Rio Urucuia and plans to sell equity once the project enters commercial operation, slated for H1 2026. About 75% of its output has been contracted by Statkraft under a 10-year power purchase agreement, while the remainder is expected to be sold to other private offtakers.
