Independent power producer Scatec Solar has signed three PPAs with an aggregate solar capacity of 258 MW in South Africa. The projects entail a combined investment of $394.6 million and are financed by a consortium of commercial banks, development finance institutions and Standard Bank, which are providing a non-recourse project finance of $304.7 million. The plants are expected to generate an annual electricity of 650 GWh and are likely to be completed by December 2019.