Scatec Solar signs PPAs for 258 MW of solar capacity in South Africa

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.

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