STATOIL'S RENEWABLE INVESTMENT
PENNENERGY - Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160.000 households with electricity. Statoil and Scatec Solar have also agreed on an exclusive cooperation to jointly develop potential future solar projects in Brazil.
In addition, Statoil will also acquire a 50% share in the project execution company, enabling Statoil to participate in building and operating…
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