Scatec Wins 288 MW Solar Project in South Africa

December 23, 2024 • Estimated Reading Time: 2 minutes

Key Figures & Findings:
Scatec ASA, a global leader in renewable energy headquartered in Oslo, Norway, has achieved preferred bidder status for a 288 MW solar project through South Africa’s REIPPPP Bid Window 7. This significant milestone underscores the company's role in shaping the renewable energy landscape in South Africa. The project, operating under a 20-year Power Purchase Agreement (PPA), will involve Scatec owning 50.9% equity while also overseeing engineering, procurement, construction (EPC), operations, and asset management (AM) services. CEO Terje Pilskog lauded South Africa’s dedication to renewable energy advancement, emphasizing the project as a step forward in the country’s clean energy ambitions.

Statistics & Insights:
The REIPPPP Bid Window 7 commercial close is anticipated in the second half of 2025, with the awarded project adding significant capacity to South Africa’s grid. Scatec currently operates and constructs over 5 GW of renewable energy projects globally, underscoring its expertise in large-scale energy solutions.

Future Implications:
Once operational, the project could significantly contribute to South Africa's energy transition, enhancing grid stability and reducing carbon emissions. Its completion could also pave the way for similar large-scale renewable projects, across the region.