Buffett-Backed BYD Supplying 8.6-Megawatt Solar Farm in RwandaJustin Doom
BYD Co., the Chinese electric-vehicle and battery maker partially owned by Warren Buffett’s Berkshire Hathaway Inc., is supplying an 8.6-megawatt solar farm in Rwanda.
Scatec Solar SA, a closely held Norwegian developer, is expected to finish building the project midyear, Shenzhen-based BYD said today in a statement. Terms weren’t disclosed.
The Rwanda Energy, Water & Sanitation Authority has agreed to buy electricity under a 25-year contract from the power plant, which will increase the country’s total generating capacity by at least 8 percent, according to the statement.