Located in the state of Piaui in North-Eastern Brazil, the solar power plants are expected to provide about 164,000 MWh annually to the grid, generating revenues of about BRL 55 million per year (USD 14 million). "The solar market in Brazil has significant long term potential and we want to take part in the development of this market. Norway and Brazil have strong bilateral relations with deep alliances within several industries and with these first projects we believe Scatec Solar is well positioned to participate in this market going forward," said Raymond Carlsen, CEO of Scatec Solar. "These projects are an important milestone in Gransolar's journey. We are proud of teaming up with Scatec Solar a strategic partner with whom we share values and entrepreneur culture. Brazil is a target solar market for Gransolar, having already deployed our subsidiaries Ingenia and PV Hardware in the country.