Scatec Solar ASA (SSO) and partners have won a 40MW DC (30MW AC) PV project in a tender held by the Energy Commission in Malaysia.
The power plant, located in the state of Perak in Northwest Malaysia, is expected to deliver 65GWh of electricity per year with annual revenues of approximately USD 6 million. Work has started to secure project finance from commercial banks in Malaysia and capex is estimated to USD 50 million.
Scatec Solar will be an equity partner, turn-key EPC provider and provide Operation & Maintenance as well as Asset Management services to the power plant. Construction start is expected in 2H 2018 with grid connection in second half of 2019.
The project will be realized together with Fumase, a US- and Malaysia-based asset management and development company focused on renewable energy in South and Southeast Asia.