Apodi PV Solar Portfolio
Sector: Solar • Location: Brazil
Source: World Bank Group
The project entails the development of a 162-MW solar portfolio of plants located in Quixere, Ceara. The sponsors are Norwegian state oil and gas developer Scatec Solar (43.75%), renewables developer Statoil (43.75%) and Apodipar (12.5%), a holding company which replaced Kroma Energia.
Total investment cost stands at $229.43 million and is being funded by debt and equity in 84:16 ratio. Banco do
- Status
- Prospective
- Sector
- Solar, Cable car, Oil and Gas, Power Generation (CCGT), Telecommunications, Government, Automotive, Commercial
- Location
- Brazil
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the development of a 162-MW solar portfolio of plants located in Quixere, Ceara. The sponsors are Norwegian state oil and gas developer Scatec Solar (43.75%), renewables developer Statoil (43.75%) and Apodipar (12.5%), a holding company which replaced Kroma Energia. Total investment cost stands at $229.43 million and is being funded by debt and equity in 84:16 ratio. Banco do Nordeste do Brasil provided a BRL 470 million ($145.73 million) loan for the project. The debt has an 18-year tenor. A project bond amounting to BRL 150 million ($46.5 million) is also part of the financing. Hence total debt equals $192.23 million and the remaining $37.2 is provided by the sponsors on a pro rata basis. Financing closed on March 8, 2018. On 28 November 2018, the plant started commercial operations. |
Original sector | Energy |
Budget |
Location
Country | Brazil |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Solar, Cable car, Oil and Gas, Power Generation (CCGT), Telecommunications, Government, Automotive, Commercial |
Article published date | 2024-09-19 |
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