Scatec Solar ASA (SSO) has closed the sale of 100% of the sponsor equity in the 104MW (DC) Utah Red Hills solar power plant to MIC Renewable Energy Holdings LLC, owned by Macquarie Infrastructure Corporation.
The sale generated gross cash proceeds to Scatec Solar of USD 28 million (NOK 245 million). The consolidated book value of Scatec Solar's sponsor equity in the project company is USD 21 million (NOK 183 million).
After this transaction, Scatec Solar holds 322MW of large scale solar plants in operation.