Norwegian group Scatec announced the commercial launch of the Grootfontein solar complex in South Africa on Saturday. The 273-megawatt project, awarded in 2021 under the fifth round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), will supply power to national utility Eskom under a 20-year power purchase agreement.
Scatec said the Grootfontein project has a total cost of $270 million, financed through equity and $241 million in non-recourse debt arranged by Standard Bank of South Africa. The three plants making up the complex are expected to generate about 700 gigawatt-hours a year and cut roughly 630,000 tonnes of CO₂ emissions.
“Grootfontein strengthens Scatec’s position as a trusted renewable energy partner in South Africa and underscores our commitment to scaling impact through sustainable, high-quality projects,” said Alberto Gambacorta, the company’s managing director for Sub-Saharan Africa.
Scatec, which has operated in South Africa since 2010, said the country remains central to its growth strategy. The group already runs 730 MW of capacity there, is developing new projects and manages its global supervision centre from South Africa. It also works on the Kenhardt complex, which includes 540 MW of solar and 225 MW of storage and is considered the company’s largest investment at about $1 billion.
Scatec’s expansion in the country is supported by the REIPPPP, the government’s main programme for accelerating renewable-energy development. The scheme enables private producers to access the electricity market and supports the construction of new generation capacity, particularly solar and wind.
The launch of Grootfontein shows the programme’s effectiveness, as it continues to attract international developers and expand renewable capacity in a country still heavily dependent on coal.
Abdoullah Diop
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Côte d'Ivoire ranked first on gender equality within the Economic Community of West African States (ECOWAS) with a score of 0.708, above the regional...
Public accelerator Algeria Venture launched AventureCloudz on Thursday, April 30, a cloud platform for software developers, hosted on Algerian soil and...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
Gambian authorities, working with the Economic Community of West African States (ECOWAS) Commission, inaugurated the National Center for Response to...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....