Scatec Solar signs strategic collaboration agreement for 485 MW in Vietnam

The Norwegian project developer and operator of solar power plants Scatec Solar ASA has signed a strategic collaboration agreement with Vietnamese partner MT Energy (MTE) to develop, finance, construct and operate large-scale solar projects in Vietnam. 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. 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 and maintenance as well as asset management services to the projects.

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