Scatec, a renewable energy solutions provider, secured BRL 150 million (~$27 million) non-recourse project financing for the development of a 142 MW solar project in Minas Gerais, Brazil. The funding was provided by Banco de Nordeste do Brasil. The solar project is under construction and is expected to reach commercial operation in the first half of 2026. The financing package is 30% of the total estimated capital expenditure of BRL 506 million (~$91 million).