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

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.