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. In addition to its own renewable energy projects, Equinor is also developing an offshore wind farm off the coast of Chile that it hopes to complete by 2020.
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.