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hands down to a fund handled by STANLIB Asset Management Pty Ltd, which Scatec introduced as the buyer previously this year. The purchase shut for a gross

Scatec has signed $217 million of loans for the first phase of its Dandara solar and battery project in Egypt, the company said on Oct. 28, and is starting construction. The phase pairs a 569-MW solar plant with a 100-MWh battery. Egypt Aluminium buys the output under a 25-year power purchase agreement backed by a sovereign guarantee. Scatec expects about 1.4 TWh a year, it said in a statement. The non-recourse debt comes from the European Bank for Reconstruction and Development (EBRD), the African Development Bank and the European Investment Bank. The EBRD, which describes the plant as 500 MW, said on Oct. 29 that its part is $63 million. In April it had disclosed a loan of up to $80 million. The first phase in numbers 569 MW of solar and 100 MWh of storage, out of 1.1 GW and 200 MWh in the March 2025 PPA. $271 million of estimated capex, of which $217 million, or about 80%, is non-recourse debt. About $476,000 of capex per MW of solar, battery included (list.solar calculation). About 28% capacity factor implied by 1.4 TWh a year from 569 MW (list.solar calculation). 56% of Dandara is now held by Scatec: 36% through its EBRD platform and 20% directly. About 18% of Egypt's 3,247 MW of solar PV at the end of 2025, based on IRENA data (list.solar calculation). National Bank of Egypt will take 20%. About 60% sits in an Egypt platform that Scatec and the EBRD agreed on Oct. 22, split 60/40 between them. Scatec plans to add equity partners and use equity bridge loans, deferring its own cash until construction ends. It is also the EPC contractor and O&M provider. Egypt Aluminium is the country's largest industrial power user and exports about 60% of its metal to Europe, Scatec said in 2025. The EBRD also arranged $265 million in October for the 1.2-GW Nefer Minya solar plant. "Egypt is one of our most important markets, and Dandara reinforces our position as a long-term contributor to the country's energy transition," Scatec CEO Terje Pilskog said. Commercial operation of the first phase is targeted for the first half of 2028. Scatec expects to start building the second phase in the first half of 2027.

Norwegian company Scatec has put its largest solar plant in Ukraine on the free market. This decision was made at the beginning of the summer when the regulatory

14% from NOK601 to NOK517 million (US$ 52.53 million). In the second quarter Scatec ramped up solar project development as it started building of a 540MW solar PV

by the National Energy Power Regulatory Authority (NEPRA) early in 2020. Scatec and Nizam Energy are now functioning to start building within the first fifty

Scatec ASA, a Norwegian renewable power producer, has achieved financial close on the initial phase of a 120-MW solar park in Botswana. The 60-MW project will generate electricity for around 20,000 homes annually and is contracted for 25 years with the Botswana Power Corporation (BPC). The project will be funded by BWP 936 million of non-recourse project debt and equity. The company will handle all engineering, procurement, construction, operations and maintenance activities. What Is Scatec ASA's 120-MW Solar Project in Botswana? The 120-MW solar park is located in the country's Central Kalahari region. The solar project is expected to be fully operational by the end of 2021. Scatec ASA will be responsible for the majority of the investment, with a 25-year power purchase agreement with Botswana Power Corporation (BPC). The project is expected to reduce the cost of electricity in Botswana by up to USD 0.08/kWh and create 500 jobs during the construction period. The solar park will reduce CO2 emissions by 200,000 tonnes annually. The project was approved by the Botswana Investment and Trade Center (BITC).

renewable energy leader Scatec has said that it has authorized a binding 25-year power acquisition agreement (PPA) with and the Botswana Power

Corporation (BPC) which has signed a power purchase arrangement (PPA) with Scatec to off-take the electrical energy from the park for a duration of 25

happened?  On Friday, Norwegian renewables developer and operator Scatec ASA announced the placing of NOK 1 billion worth of new senior unsecured green

Scatec has commissioned the 273‑MW Grootfontein solar park, its first project in South Africa’s Western Cape, now feeding power into the

Solar Energy Corporation of India (SECI) safeguarded in a tender in 2018. Scatec develops, builds possesses, and also runs solar, wind, as well as hydropower

build the country's first independent power manufacturer (IPP) solar plant. Scatec will develop, operate and bulk have the PV park under a 25-year power purchase

we have actually made a decision not to wage the projects in Iraq," Scatec informed RenewablesNow in a feedback to an inquiry. Last week, Aliqtisad News

power provider Scatec Solar has continued its steady growth in terms of installed capacity and financial results. Just days ahead of publication

Scatec Solar has been awarded three solar power plant projects in Tunisia totaling approximately 360 MW, following an international tender launched by the Tunisian Ministry of Industry and SMEs earlier this year. “We are excited to secure our first projects in Tunisia, supporting the Government’s target to reach 30 percent electricity production from renewables by 2030. We have solid experience from successful development, execution and operation of projects in Africa and the Middle East over the last years that we bring with us as we enter this new market”, said Raymond Carlsen, CEO of Scatec Solar.   The three projects of approximately 60 MW, 60 MW and 240 MW will be located in Tozeur, Sidi Bouzid and Tataouine respectively. The solar power plants will hold 20 years of PPAs with Société Tunisienne de l’Electricité et du Gaz (STEG). The solar plants are expected to generate about 830 GWh per year, enough electricity to power more than 300,000 Tunisian households annually and contributing to avoid 480,000 tonnes of CO2 emissions each year. Scatec Solar will be the lead equity investor in the projects. The company will also be the Engineering, Procurement and Construction (EPC) provider and provide Operation & Maintenance as well as Asset Management services to the power plants. Since the end of 2016, the Tunisian government has embarked on the implementation of its programme for the development of electricity production from renewables. In this framework, the Ministry of Industry and SMEs launched an international tender for solar PV projects in 2019. In October, the firm had announced that it had, along with its partners, grid-connected the last of the six 65 MW solar power plants in Egypt. Marking the completion of the 390 MW Benban solar project located near Aswan in Upper Egypt. The project is part of the 1.8 GW Benban solar park, one of the world’s biggest solar parks where Scatec Solar is the largest developer. In April 2017, Scatec Solar and partners KLP Norfund and Africa 50 signed a 25-year Power Purchase Agreement (PPA) with the Government of Egypt for delivery of electricity from six solar plants, totaling 390 MW.