Lyra Energy, Scatec’s joint venture renewable energy platform in South Africa, has signed PPAs with three top tier commercial and industrial offtakers for a large portion of the 255 MW Thakadu solar power plant. The Thakadu project marks Lyra Energy’s first solar plant in South Africa under its trading platform model. Scatec will provide EPC, Asset Management (AM) and Operations & Maintenance (O&M) services for the project. The Thakadu solar power plant will be developed in two phases. Financial close and construction of phase one are expected in Q1 2026, while phase two is planned later in 2026. Capital expenditures, financing structure and Scatec’s EPC scope will be disclosed at financial close. Lyra Energy is a partnership between Scatec, Standard Bank and Stanlib, with Scatec owning 50% and the partners holding the remaining 50%. Prior to this, Scatec ASA closes 190 MW solar portfolio in Romania, covering the Dobrun and Sadova projects.