Scatec Solar is expected to become one of the largest solar power project developers in South Africa after the company won 3 solar photovoltaic power projects in the fourth round of the Renewable Energy Independent Power Producers Procurement Programme.
A total of 1,121 MW of large-scale renewable energy capacity was allocated in the fourth round auction.
Norway-based Scatec Solar secured 3 solar PV projects with cumulative generation capacity of 225 MW. All the 3 projects would located in the Northern Cape province of South Africa. The company already operates 3 solar PV projects in the province that have an installed capacity of 190 MW. These 6 projects will together form one of the largest solar power parks in the world, with a total capacity of 415 MW.
Scatec Solar commissioned South Africa’s first utility-scale solar power project in 2013 when it completed the 75 MW Kalkbult solar power plant in Petrusville, Northern Cape province. The project, as all other projects allocated under the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP), will sell electricity to Eskom through a long-term power purchase agreement.
Scatec Solar has on its radar large number of solar power projects on offer under the REIPPPP auctions. This is due to the financing partner that it has in Norfund. The Norwegian private equity company signed an agreement with Scatec Solar last year to jointly develop 350 MW of solar power capacity in developing and least developed countries.
Before this agreement was signed Norfund has already invested $18 million in the 3 solar PV projects by Scatec Solar currently operational in South Africa. Norfund had also pledged to invest an additional $30 million in solar power projects in South Africa.
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