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Scatec Solar secures investment for largest solar plant yet

Norwegian solar power developer Scatec Solar is one step closer to the realization of the company's biggest project ever. An African bank has chipped in on the 100 MW project.
by SØREN SPRINGBORG

African investment fund Africa 50, where backers include the Africa Development Bank, will now enter Norwegian Scatec Solar's ambitious Nova Scotia solar plant in Nigeria with a capital injection, albeit an undisclosed amount. Norwegian investment bank Norfund will  also invest in the facility.

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