R5-billion W Cape solar projects reach financial close
energy company Scatec has reached financial close for its three Grootfontein solar projects in South Africa, secured in 2021 after a fifth bidding round for government’s renewable energy programme.
Once operational, the projects will deliver much-needed renewable energy under a 20-year power-purchase agreement. The plants will lead to a combined abatement of 630 000We are now looking forward to starting construction next year and achieving commercial operation in 2025
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