7 December 2022
Equinor invests NOK 4.32 billion in Brazilian solar energy
Equinor has made the final investment decision for the Brazilian solar project Mendubim. Mendubim is located in the state of Rio Grande do Norte and is being developed in cooperation with Scatec and Hydro Rein. The total investment in the project is estimated at approximately USD 430 million, equivalent to NOK 4.32 billion. The three partners each have a 33.3% financial stake in the project and will jointly provide engineering, procurement and construction services.
What we’re reading
- Renewable power’s growth is being turbocharged as countries seek to strengthen energy security (IEA)
- Renewables Will Overtake Coal by Early 2025, Energy Agency Says (New York Times)
- COP15: UN warns of the cost of ‘humanity treating nature like a toilet’ (Financial Times)
- Netherlands proposes EU gas price cap for state-backed buyers (Reuters)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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