ReutersReuters

Scatec Signs Power Purchase Agreements

Scatec ASA SCATC:

  • REG-POWER PURCHASE AGREEMENTS SIGNED UNDER SOUTH AFRICA’S REIPPPP BID WINDOW 5

  • SIGNED POWER PURCHASE AND IMPLEMENTATION AGREEMENTS FOR THREE SOLAR GROOTFONTEIN PROJECTS IN SOUTH AFRICA, ALONGSIDE SOUTH AFRICAN GOVERNMENT

  • COMMERCIAL AND FINANCIAL CLOSE IS EXPECTED IN FIRST HALF OF 2023

  • SCATEC WILL OWN 51% OF EQUITY IN PROJECTS WITH H1 HOLDINGS OWNING 46.5% AND A COMMUNITY TRUST HOLDING 2.5%

  • COMBINED FACILITIES WILL POWER APPROXIMATELY 33,000 HOUSEHOLDS

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