Norway’s Scatec Solar plans new power plants in Southeast Asia

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Norway’s Scatec Solar plans new power plants in Southeast Asia

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The Oslo-listed firm, said that it was negotiating its first 50 megawatt (MW) project in Vietnam. It said Vietnam has a national goal for more than 4 gigawatt (GW) of new solar power capacity.

OSLO: Norway’s Scatec Solar plans to build solar power plants in Vietnam, Bangladesh and Myanmar, the company said on Friday.

The Oslo-listed firm, said that it was negotiating its first 50 megawatt (MW) project in Vietnam. It said Vietnam has a national goal for more than 4 gigawatt (GW) of new solar power capacity.

Scatec is also awaiting approval for another 50 MW farm in Bangladesh, it said in a news release, and has submitted a proposal for a 70 MW project in Myanmar.

The firm, which produces electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan, has another 394 MW under construction, with a backlog and pipeline of 1.5 GW more.

After closing financing for 800 MW of new solar plants in 2017, Scatec proposed a 10 percent higher dividend for 2017, of 0.78 Norwegian crown ($0.1014) per share.