Norway-based Scatec ASA has announced it has closed on financing for three solar photovoltaic projects in South Africa with a combined capacity of 273 MW, enabling construction to begin in the first quarter of 2024.
The PV projects, which were approved during the fifth bid window of South Africa’s Renewable Energy Independent Power Producer Procurement Programme in 2021, have a combined value of $270 million. The program is a scheme of increasing electricity generation in the country through private sector investment in renewable energy technology such as solar PV, concentrated solar, onshore wind power, small hydropower (less than 40 MW), landfill gas, biomass, and biogas.