Core Insights - Scatec ASA has achieved financial closure for its 142 MW solar PV plant in Minas Gerais, Brazil, with an expected Commercial Operation Date in the first half of 2026 [1][2][3] Financing Details - The non-recourse project financing totals BRL 150 million (USD 27 million), representing 30% of the total estimated capital expenditure of BRL 506 million (USD 91 million) [2] - Scatec has secured an additional EUR 25 million debt facility from Impact Fund Denmark to partially fund its equity share, bringing the total expected equity injection to BRL 201 million (USD 36 million) by COD [4] Project Management and Agreements - Scatec holds a 100% ownership stake in the solar project and plans to introduce equity partners post-COD to enhance value creation [5] - A 10-year power purchase agreement has been signed with Statkraft for approximately 75% of the expected power output, with the remainder to be sold under various term PPAs [4] Company Overview - Scatec is a prominent renewable energy solutions provider, with 6.2 GW of capacity in operation and under construction across five continents [6]

Core Insights - Scatec ASA's joint venture with Aboitiz Power has received regulatory approval for a new rate related to ancillary services contracts in the Philippines [1][2] - The awarded contract rate has increased from 1.5 PHP/kWh to 2.25 PHP/kWh, effective from July 2025, with retroactive revenues amounting to approximately NOK 231 million for Scatec [2][3] Group 1: Regulatory Approval and Contract Details - The Energy Regulatory Commission (ERC) has formally approved the rate for contingency reserve long-term ancillary services contracts [1] - The new rate of 2.25 PHP/kWh will be effective from July 2025, with retroactive effect recognized in Q2 2025 [2] - Scatec has been delivering volumes under the new contracts since September 2023 but was initially paid at a lower rate pending regulatory approval [3] Group 2: Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants [4] - The company currently has 6.2 GW of renewable energy capacity in operation and under construction across five continents [4] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [4]