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