What is the latest status of the project “Apodi PV Solar Portfolio”?

The status recorded for “Apodi PV Solar Portfolio” is Active.

Who are the main government, EPC, and private stakeholders for “Apodi PV Solar Portfolio”?

Taiyo maps the stakeholders of “Apodi PV Solar Portfolio”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Apodi PV Solar Portfolio”?

Taiyo normalizes the budget of “Apodi PV Solar Portfolio” to USD 229430000.

Where can I verify the source and access all details for “Apodi PV Solar Portfolio”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/apodi-pv-solar-portfolio-9443). Taiyo standardizes official data into a consistent, searchable project profile.

Apodi PV Solar Portfolio

Sector: Commercial • Location: Ceara, Brazil

Source: World Bank Group

Project

Active

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: Commercial, Oil and Gas, Cable car, Power Generation (CCGT), Solar, Automotive, Telecommunications, Government
Location: Ceara, Brazil
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

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The project “Apodi PV Solar Portfolio” is an infrastructure initiative in the Commercial sector, located in Ceara, Brazil. Taiyo aggregates data on it from World Bank Group.

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
State	Ceara

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	Commercial, Oil and Gas, Cable car, Power Generation (CCGT), Solar, Automotive, Telecommunications, Government
Article published date	2024-05-21

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