Norsk Solar AS (DE:62L) has released an update.
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Norsk Solar AS is actively expanding its project pipeline in South Africa and nearing completion of solar PV plants in Brazil, key moves in its long-term growth strategy. With several high-potential projects in South Africa, the company is seeking additional capital to begin construction, while the completion of Brazilian projects is set to enhance cash flow for further expansion. The company is also strategically reallocating capital and operational focus to ensure maximum returns and market alignment, bolstered by a NOK 15 million grant from Norad for development in Africa.
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