December 21, 2023

8.5 MW Rwandan solar plant switches hands for $1.38M

2023-12-21-Scatec-gks — As part of the sale, Scatec is also exiting from operations & maintenance and asset management agreements associated with the power plant. Illustration from Scatec ASA.

Scatec ASA divests a 54% stake in the 8.5 MW ASYV solar plant in Rwanda for $1.38M to Fortis Green Fund I Rwanda Holdings Ltd and Axian Energy Green Ltd. The ASYV plant, operational since 2014, holds a 25-year PPA with EWSA, backed by the Rwandan government. Pending official approval, the deal aims to conclude in 2024, subject to regulatory consents.

SourceScatec ASA