Norwegian renewable player Scatec has entered into a partnership with Indian solar developer ACME, to develop a 900 MW solar power plant in Rajasthan. The project holds a 25-year PPA with Solar Energy Corporation of India (SECI) secured in a tender in 2018, according to a company release.
The project has an estimated total capex of $400 million, with 75% debt financing from an Indian state-owned lender. Scatec will hold a 50% economic interest in the project, while ACME will retain 50%.
