Norway’s Scatec ASA, a leading renewable energy solutions provider, has completed the sale of its stakes in the Kalkbult, Linde, and Dreunberg solar plants in South Africa to Greenstreet 1, a subsidiary of STANLIB Infrastructure Fund II. The transaction generated ZAR 921 million (USD 51 million) in total proceeds, with a ZAR 1.86 billion (USD 103 million) enterprise value. Scatec retained 13% and 12% stakes in the plants and holds an option to repurchase shares in 2034. It will continue to provide Operations & Maintenance and Asset Management services.
STANLIB acquires majority stake in Kalkbult, Linde, and Dreunberg PV plants
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)
The ITC investigation focuses on alleged violations of Trinasolar’s Tunnel Oxide Passivated Contact (TOPCon) solar cell technology patents. (Image Source: Trinasolar)