Scatec ASA, a renewable energy solutions provider, has been named preferred bidder for the 846MW Kroonstad PV cluster in South Africa. The award was granted under Round 7 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) by the Department of Electricity and Energy (DEE) in South Africa. It followed a reallocation of capacity from onshore wind to solar PV. The cluster is in Free State and includes Oslaagte Solar 2 and 3 (each 293MW) and Leeuwspruit Solar (260MW). The total project cost is ZAR 13 billion (~$ 735 million), with up to 90% financed through non-recourse debt and the rest by equity. Scatec holds 50.90% equity, Greenstreet 46.50%, and Community Trust 2.6%. Scatec is responsible for EPC, O&M, and asset management. The projects will operate under 20-year PPAs. Financial close is expected in 2026, with construction starting the same year. This is Scatec’s largest solar award in South Africa to date.
Scatec wins 846 MW Kroonstad solar cluster bid in South Africa
Greenstreet, Scatec, and Community Trust has secured the 846 MW Kroonstad PV project in South Africa under REIPPPP Round 7, with financial close expected in 2026.
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