Scatec Solar ASA and partners last night signed all project documents and are shortly expected to achieve financial close for three solar PV plants in South Africa totaling 258MW.
"South Africa continues to be an important market for Scatec Solar and we are very pleased to see that the renewables programme now is finally moving forward. We believe solar energy will continue to play an important role in the energy mix and provide strong support for economic growth in the country in the years to come", says Raymond Carlsen, CEO of Scatec Solar.
"With financial close reached for 1.1GW of solar projects we have entered into construction contracts with a value of about NOK 8.5 billion that will be realized over the next 1-2 years. We are well prepared for this construction activity and we are now taking a big step forward as a leading emerging market focused solar power producer. On the back of our success, we continue to grow our project pipeline and we are pursuing a large number of attractive opportunities both in existing and new markets", says CEO Raymond Carlsen.