Norwegian company Scatec has grid-connected and begun commercial operation of a 55 MW solar farm in Ukraine’s Cherkasy area. The project will receive a feed-in-tariff payment and is estimated to produce around 64 GWh of electricity per year. The solar plant is designed to last for more than 30 years and it will also provide clean energy to over 28,000 families each year. This is Scatec’s fifth project in Ukraine since its entry in the country in 2017.
The company has more than 3.5 GW of energy projects in operation or under construction across four continents. By the end of 2025, the company is targeting to have 15 GW of capacity operational or under construction. The company’s Ukrainian portfolio now amounts to 336 MW with a yearly output of more than 400 GWh, powering nearly 160,000 households with clean energy and significantly increasing the share of renewables in the country’s energy mix.
In October 2020, Scatec had announced the acquisition of SN Power. Then called Scatec Solar, it had also decided to drop the word “Solar” from its name after agreeing to acquire SN Power for $1.1 billion from NorFund, a private equity firm owned by the Norwegian government.