Scatec, Standard Bank, and Stanlib have incorporated their global expertise to create a unique renewable energy platform in South Africa. Known as Lyra Energy, this private power solution focuses on providing high-quality, affordable, and predictable utility-scale renewable energy to medium and large commercial & industrial players. The Lyra aggregator model aims to fund, build, own, and operate generation assets, ensuring the transmission of energy to multiple off-takers across the national grid. Clients can anticipate increasing savings over time with Lyra’s standardized PPAs tailored to mitigate traditional risks.
Scatec, Standard Bank, and Stanlib launch Lyra Energy in South Africa
Lyra’s standardized Power Purchase Agreements (PPAs) address market trends and mitigate risks associated with bilateral PPAs and energy wheeling. (Image Credit: Scatec).
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