https://www.engineeringnews.co.za
Africa|Energy|Financial|Power|PROJECT|Renewable Energy|Renewable-Energy|Solar
Africa|Energy|Financial|Power|PROJECT|Renewable Energy|Renewable-Energy|Solar
africa|energy|financial|power|project|renewable-energy|renewable-energy-company|solar

Scatec signs agreement for 20 MW solar project in Lesotho

26th November 2021

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Norway-based renewable power producer Scatec has entered into an agreement with the Lesotho Electricity Company and the government of Lesotho to build the first independent power producer (IPP) solar project in Lesotho.

A related power purchase agreement (PPA), connection agreement and implementation agreement were signed at an official ceremony held in Lesotho’s capital, Maseru, which marked the culmination of successful negotiations with the Lesotho Electricity Company and the government of Lesotho.

The 20 MW project will be funded by the Renewable Energy Performance Platform and equity co-sponsors – Scatec, Norfund, One Power Lesotho, Izuba Energy and the Lesotho Pension Fund.

“We are proud to be the first IPP to develop a solar project in Lesotho, an important step for Scatec in the country.

“The Southern African region is a key market for Scatec and a region with great potential for the development of affordable clean energy. Scatec is the leading solar IPP in the region, and we look forward to expanding our footprint and developing more renewable energy in the years to come,” says Scatec sub-Saharan Africa GM Jan Fourie.

Scatec will build, operate and majority-own the facility under a 25-year PPA, with financial close expected early next year.  

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024
Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.405 0.459s - 175pq - 2rq
Subscribe Now