Solar energy in Equinor
The sun is an invaluable source of energy for the future — and the forecast looks bright for solar power. After dramatic reductions in cost, solar is now one of the forms of renewable energy with the greatest growth potential.
Solar power in Equinor
Continuing our decades of energy innovation, Equinor is investing in solar projects as well as innovative solar technology companies to show how solar power can provide scalable and profitable growth opportunities.
Around 160,000 households in Brazil are now powered by electricity from the Apodi Solar Plant. The 162 MW Apodi Solar plant, operated by Scatec Solar, was Equinor’s first step into solar energy. It is grid connected and in commercial operation.
Partner with Scatec Solar
To increase our exposure to a fast-growing renewable sector, further complementing our portfolio, Equinor initially acquired a 10% share in Scatec Solar, an integrated independent solar power producer in 2018, and then in December 2019, we increased our ownership to a 15.2 percent holding.
Equinor and Scatec Solar have also agreed on an exclusive cooperation to jointly develop potential future solar projects in Brazil. Scatec Solar has an asset portfolio of 1.5 gigawatt (GW) in operation and under construction.