Norwegian renewable power producer Scatec ASA (OSE:SCATC) has been awarded preferred bidder status for the 103-MW/412-MWh Mogobe/Ferrum battery energy storage project under the South African battery storage procurement programme, the company announced on Thursday. The award will enable Scatec to connect the battery to the Ferrum substation in Northern Cape and dispatch power under a […]
Scatec Inauguration of Cameroon Solar Hybrid and Battery Storage Plants – EQ
Cameroon : Today, Release by Scatec celebrates the inauguration of the solar plants in Cameroon. Release entered into a lease agreement with ENEO, an electricity company, in 2021 to deliver two solar hybrid and battery storage plants that have a combined capacity of 36MW solar and 20MW/19MWh of storage. The plants are located in Maroua […]
Scatec raises USD 102 million to accelerate growth ambitions – EQ Mag
Oslo : Scatec (“Release”) signed an agreement to raise USD 102 million (NOK 1 billion) in funding from Climate Fund Managers (“CFM”) to further accelerate its growth ambitions. Release was established by Scatec ASA (“Scatec”) in 2019 to offer a flexible leasing solution of pre-assembled and modular solar and battery equipment for the mining and […]
Scatec sells Mozambique solar power plant to Globeleq for USD 8.5 million in line with strategy – EQ Mag
Oslo : Scatec ASA, a leading renewable energy company in emerging markets, has today signed an agreement with Globeleq to sell its 52.5% equity share in the 40 MW Mocuba solar power plant in Mozambique for USD 8.5 million (NOK 85 million), in line with the company’s strategy. “This transaction is in line with our […]
Scatec closes transaction to divest Upington solar plants in South Africa – EQ Mag
Oslo/Cape Town : Scatec ASA, a renewable energy frontrunner in emerging markets, today closed the previously announced transaction to divest the Upington solar plants in South Africa. The gross consideration for divestment of Scatec’s 42% equity-share in the 258-megawatt (MW) plants is ZAR 973 million (NOK 546 million). As previously communicated the proceeds will be […]
Scatec recognised with ‘A’ score for transparency on climate change – EQ Mag
Oslo : Scatec ASA, a leading renewable energy company in emerging markets, has been recognised for its leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List’. Based on data reported through CDP’s 2022 Climate Change questionnaire, Scatec is one of a small […]
Third quarter 2022: Strong performance driven by the Philippines: Scatec -EQ Mag Pro
Oslo : In the third quarter 2022, Scatec’s proportionate revenues increased by 52% to NOK 1,818 million (1,196) with an all-time high EBITDA of NOK 850 million (767). Power production rose to 1,135 GWh (1,065). “We reported strong results from our diversified portfolio of power plants driven by the solid performance in the Philippines. We […]
Scatec Signs Power Purchase Agreement at Ceremony in Gaborone, Botswana – EQ Mag Pro
Scatec and the Botswana Power Corporation (BPC) have signed a binding 25-year power purchase agreement (PPA) for the construction of a solar PV facility with a contracted capacity of 50 megawatt at Selebi Phikwe. Scatec owns 100% of the project and will be the designated engineering, procurement and construction company (EPC), asset manager, and O&M […]
Scatec Protects Guarantees for 540-MW Solar-storage Project in S Africa – EQ Mag Pro
Scatec ASA (OSL: SCATC) has actually secured NOK 1.2 billion (USD 122.1 m/EUR 122.1 m) in guarantees from Norway’s state-backed export credit agency Eksfin on behalf of its project for 540 MW of solar power and 225 MW of battery storage space in South Africa, Eksfin announced on Tuesday. The Oslo-based green power producer recently […]
Scatec awarded a 540 MW solar plant with storage in a government tender in South Africa
Oslo : 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 […]