Norway-based Equinor, formerly Statoil, has announced the acquisition of a 50% stake in the Guanizul 2A 117 MW ready-to-build solar project in western Argentina. Fellow Norwegian group Scatec Solar will buy the remaining 50% from Martifer Renewables. The $95m project will be 40%-funded with capital from the two new owners and 60% with a construction bridging loan from Equinor. A final investment decision is expected late 2019 with estimated start-up in later this year.
Norway-based Equinor, formerly Statoil, has announced the acquisition of a 50% stake in the Guanizul 2A 117 MW ready-to-build solar project in western Argentina. Fellow Norwegian group Scatec Solar will buy the remaining 50% from Martifer Renewables. The $95m project will be 40%-funded with capital from the two new owners and 60% with a construction bridging loan from Equinor. A final investment decision is expected later this year with estimated start-up in late 2019.