Rio Grande do Norte Solar PV Park is a 480MW solar PV power project. It is planned in Rio Grande do Norte, Brazil. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 480 | – | 480 | Announced | Rio Grande do Norte, Brazil | Equinor; Norsk Hydro; Scatec |
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Description
The project is being developed by Equinor, Norsk Hydro and Scatec. These companies also have ownership stakes in the project.
Rio Grande do Norte Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $532.8m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About Equinor
Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in various oil and gas provinces in the world. Equinor operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in offshore wind, carbon capture and storage, solar and hydrogen projects. Equinor is headquartered in Stavanger, Norway.
About Norsk Hydro
Norsk Hydro ASA (Norsk) is a supplier of aluminum. Its operations include power production, bauxite extraction alumina refining, aluminium smelting, remelting, rolling activities recycling and extruded solutions. Its portfolio of products include bauxite, alumina, extrusion ingots, foundry alloys, sheet and remelt ingots, wire rods, foil for technical applications, and strips and sheets. The company also owns and operates hydropower plants. It generates electricity at these plants and trades electricity on the Nord Pool Spot power exchange. Its products cater to the automotive, transport, building and construction, electronics, general engineering, packaging, printing and solar industries. The company has operations in various countries in Europe, North America, Africa, and Asia-Pacific. Hydro is headquartered in Oslo, Norway.
About Scatec
Scatec ASA (Scatec) is an integrated independent producer of solar power that develops, builds, owns and operates solar power plants. The company conducts project origination and development, project financing, design and engineering, procurement and construction management, operation and maintenance, and asset management. Scatec has solar power plants in operational and under construction in South Africa, Egypt, Malaysia, Brazil, Argentina, Honduras, Ukraine, Jordan, Mozambique, Czech Republic, and Rwanda. The company also has a pipeline of projects under development in Africa, Latin America, Europe and Central Asia, and South East Asia. Scatec is headquartered in Oslo, Norway.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
