Scatec Solar’s Senior Vice President of Project Finance, Claus-Henning Schmidt, will address the session “Utility Scale: Gaining Access to Low-Cost Capital”, which focuses on the different possibilities in financing solar PV in emerging markets.
The approach to project financing adopted by Scatec Solar differs from others through uniquely designed solutions, appropriate for the specific local conditions in each country. One example of this is the recent issuance of the world’s largest Green SRI Sukuk (Islamic bond) of MYR 1,000 million in nominal value (USD 237 million) to finance construction of 197 MW in Malaysia. Obtaining strong financial partners, and thus cost-efficient capital, is essential to deploy renewable energy to meet climate goals. Scatec Solar has developed strong partnerships with DFIs, multilateral financial institutions and commercial banks over the years, which has enabled it to successfully raise capital. Read more about our approach in the event report “Evolving Business Models in Emerging Markets”, featuring eight innovative companies and business cases in developing solar markets:
About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. A long term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants, and already has an installation track record of close to 1000 MW.
Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 394 MW are under construction.
With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway.