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Investegate |Release Announcements | Release: Scatec awarded 540 MW solar plant with storage in a government tender in South Africa


Scatec awarded 540 MW solar plant with storage in a government tender in South Africa
Oslo, 1 June 2021: Scatec has today been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa under the technology agnostic Risk Mitigation Power Procurement Programme (RMIPPP). The tariffs awarded to the projects fall within the range of the previously awarded preferred bidders.
The three projects (Kenhardt 1-3), in total consisting of 540 MW solar and 225 MW/1,140 MWh battery storage, were bid based on sites located in the sundrenched Northern Cape Province of South Africa. The projects awarded to Scatec are the only projects with preferred bidders status exclusivity making use of renewable energy technology, making it arguably one of the largest single site solar + storage hybrids in the world. ....

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Scatec boosted by new hydropower assets and completion of solar parks


Scatec boosted by new hydropower assets and completion of solar parks
Scatec’s 40MW Mocuba solar project in Mozambique. Image: Scatec.
Scatec posted an improved first-quarter financial performance, boosted by the completion of new solar projects and the closing of its acquisition of hydropower developer SN Power.
The Norway-headquartered independent power producer recorded revenues of NOK1.01 billion (US$121.6 million), up 17% year-on-year, while earnings jumped 83% to NOK 636 million (US$76.6 million).
The results were driven by the company’s power production segment, which saw its capacity increase by 1,461MW on year-end 2020, while revenues and earnings from solar plants “remained stable” compared to the same quarter last year. ....

Republic Of , South Africa , Terje Pilskog , Raymond Carlsen , குடியரசு ஆஃப் , ரேமஂட் கார்ல்சன் ,