STANLIB acquires stake in Scatec’s PV projects
Scatec’s divestment aligns with its strategic objectives, reducing its stake in three South African plants to generate ZAR 921 million. More information here.
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Scatec signs 1 GW solar PPA in Egypt
A 25-year PPA signed by Scatec ASA with EETC for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. More details here.
Scatec divests Rwanda solar stake to Fortis, Axian
Scatec ASA has sold its 54% stake in an 8.5 MW solar plant in Rwanda for $1.38 million. Read more about the company’s strategic divestment here.
Scatec ASA secures PPA with Statkraft Energia
A 10-year PPA between Scatec ASA and Statkraft Energia do Brasil Ltda has facilitated the way for a 142 MW solar plant in Brazil. More about this project here.
Scatec ASA powers up 150 MW solar plants in Sukkur, Pakistan
Scatec ASA has powered up 150 MW solar plants in Sukkur, Pakistan. Click here for project details and their contribution to regional energy solutions.
8.5 MW Rwandan solar plant switches hands for $1.38M
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…
Botswana’s first Utility-Scale PV project commences construction
Scatec ASA achieves financial close for the first 60 MW of the 120 MW Mmadinare Solar Complex in Botswana, beginning construction of the nation’s first utility-scale PV project. The plant will annually power 20,000 households, avoiding 48,000 tons of CO2 emissions. The total project expenditure is BWP 1.4 billion. Scatec owns the project entirely, also…
Kenhardt project lights up South Africa with clean energy
Scatec ASA initiates electricity supply from the Kenhardt project in South Africa, boasting a 540 MW solar and 225MW/1,140MWh battery storage. The project contributes 150 MW dispatchable power to the national grid through a 20-year Power Purchase Agreement with Eskom. Representing a USD 1 billion investment, the project involves 51% equity from Scatec and the…
Scatec partners with EEHC and AfDB for Egypt project.
Scatec is actively participating in COP28, emphasizing renewable energy as a critical climate change solution. During the conference, Scatec signed a cooperation agreement for a 1 GW solar and 200 MWh battery storage project with the Egyptian Electricity Holding Company, supported by the African Development Bank Group. The company highlights hybrid plants’ significance in addressing…