“We are very pleased to partner with Scatec on this new solar plant, our first major foray into renewable energy at our operations.
We also anticipate that the solar plant will create new job opportunities for daily operation and maintenance within our host communities, and we see significant potential to increase the capacity of the solar plant in the future, including through battery storage, to further increase savings and reduce emissions.
“As the agreement with Scatec is now finalized, we have submitted the permitting application to the regulators to allow for construction of the new facility.
The Company’s principal assets are the El Limón Guajes mining complex , and the processing plant and related infrastructure, which commenced commercial production as of April 1, 2016, and the Media Luna deposit, which is an advanced stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018.
In the first half of 2021, Scatec will have a total of 3.3 GW in operation on four continents and more than 500 employees.
Forward-looking information are based on the assumptions set out in the news release and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made.