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South Africa: Scatec sells its Upington solar plant in South Africa for NOK 569 million to finance further growth

Scatec, a leading renewable energy company in emerging markets, has signed an agreement with a subsidiary of STANLIB Infrastructure Fund II to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of NOK 569 million.

Scatec sells its Upington solar plant in South Africa for NOK 569 million to finance further growth

Scatec ASA has today signed an agreement with a subsidiary of STANLIB Infrastructure Fund II, managed by STANLIB Asset Management Proprietary Limited, to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of ZAR 979 million (NOK 569 million).

Investegate |Release Announcements | Release: Scatec sells its Upington solar plant in South Africa for NOK 569 million to finance further growth

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