RIO DE JANEIRO, BRAZIL - Equinor, aluminium producer Norsk Hydro and renewables company Scatec plan a jointly built 480-megawatt (MW) solar farm in Brazil, they said on Wednesday, December 9th.
The three companies have signed a memorandum of understanding to develop the project, Scatec said in a statement, which did not give details of the cost.
The joint project highlights how oil companies and energy intensive industries, such as aluminium, are responding to pressure from some long-term investors and regulators to cut their greenhouse gas emissions.
Scatec and Equinor are already collaborating on a number of solar projects in . . .