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Scatec wins $735m South African solar projects

July 22, 2025 at 08:19 PM UTCBy FilingReader AI

Scatec ASA secured preferred bidder status for 846 MW of solar PV projects in South Africa's renewable energy program. The Kroonstad PV cluster comprises three plants worth $735 million.

Scatec will hold 50.90% equity in the project, which will be 90% debt-financed. Financial close and construction are expected to begin in 2026.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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