Scatec Solar ASA signed agreements with renewable energy project developer Rengy Development to construct 47 MW of solar facilities in Ukraine.
Under the country's 10-year feed-in-tariff scheme, three solar facilities will be built in the Mykolaiv region, according to a July 4 news release. Scatec Solar will take 51% ownership in the projects while Rengy Development will own the remaining 49% interest.
Scatec Solar will construct, operate and maintain, and also will provide asset management services to the power plants.
The projects are expected to cost €52 million and construction is expected to start later in 2018. Commercial operation is slated in 2019.