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REG-Scatec Solar and Norfund Sign Partnership Agreement to Develop and Invest in Solar Power Projects in Developing Countries

Scatec Solar, the integrated independent solar power producer, has signed a partnership agreement with Norfund, the Norwegian Investment Fund for Developing Countries, to jointly invest in solar power projects to be developed in all countries within Norfund's mandate.

Scatec Solar and Norfund have been partners in the realization of four solar PV projects in Africa totaling 200 MW (three in South Africa and one in Rwanda) and the agreement signed is a formal confirmation of an existing, fruitful partnership. The partnership will provide a framework for collaborative project development and joint investment and under the agreement Norfund and Scatec Solar will jointly realize projects in all countries within Norfund's mandate.

Read the full story from Reuters

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