Scatec Solar closes acquisition of additional stake in South African solar portfolio

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Scatec Solar has announced that it has completed the acquisition of additional stakes in the Kalkbult, Linde and Dreunberg solar plants located in South Africa, which have a total capacity of 190 MW and are all in operation.

The acquisition involves 33% of Norfund's 21% shares in the Kalkbult plant and KLP Norfund's 16% shares in Linde and Dreunberg, increasing Scatec Solar's stake in each of the plants from 39% to 45%. The remaining shares have been acquired by STANLIB Private Equity Infrastructure Fund 1.

The parties agreed not to disclose the value of the transaction.

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