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.
8.5 MW Rwandan solar plant switches hands for $1.38M
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.
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