Scatec concludes sale of 42% equity stake in 258 MW solar complex in the Northern Cape
Scatec ASA has completed the sale of its 42% equity stake in the 258 MW Upington solar farm complex in South Africa to STANLIB Asset Management Pty Ltd. The gross consideration for the sale was ZAR973 million (US$49.4 million), which Scatec plans to use for new investments in renewable energy.
Scatec will continue to provide operations and maintenance, as well as asset management services for the three solar farms in the Upington facility. Norfund was also expected to sell its 18% stake in Upington in the same deal, although there have been no further updates.
The three solar farms in the Upington facility, Dyason's Klip 1, Dyason's Klip 2, and Sirius, were all commissioned in 2020 and have a combined capacity of 258 MW.
Country updates
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June 01, 2023
AIIM-led consortium closes financing for 89 MW wind project in the Northern Cape
African Infrastructure Investment Managers (AIIM), African Clean Energy Developments (ACED), and Reatile Renewables (Pty) Ltd. have achieved financial close on the 89 MW Castle Wind Farm project locat...
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April 26, 2023
AMEA Power, Greenco sign PPA for 85 MW solar PV project in North West Province
AMEA Power has secured a 25-year Power Purchase Agreement (PPA) with GreenCo Power Services for their 85 MW solar photovoltaic (PV) power project located in the North West Province in South Africa. G...
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April 13, 2023
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March 30, 2023
Juwi starts construction of 84 MW wind project in Eastern Cape
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March 15, 2023
Vestas secures 373 MW turbine order for three wind projects in Western and Eastern Cape
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