The acquisition and project are intended to provide contracted revenue while also allowing for market exposure.
The Rio Urucuia plant is Scatec's third solar venture in Brazil.
The 932MW plant will provide power to a data centre, with operations targeted for H2 2030.
The acquisition covers 171MW of operating onshore wind and 275MW of potential hybrid capacity with solar PV and BESS projects.
The new deal between the US and Iran will open the Strait of Hormuz, but oil and gas operators must now focus on tech solutions to stop wasting existing natural gas if similar shocks emerge, says GlobalData analyst Aoife McGurk.
