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Scatec achieves financial close for South Africa’s 103 MW Mogobe BESS

Global, News

Scatec has reached financial close for its 103 MW/412 MWh Mogobe battery energy storage system (BESS) in South Africa. The project, Africa’s first and largest standalone dispatchable BESS, is set to begin construction near Kathu in the Northern Cape. Scatec holds a 51% equity share, with Perpetua Mogobe (RF) owning 46.5%, and the Mogobe Local Community Trust holding 2.5%. The Mogobe BESS was awarded a 15-year power purchase agreement (PPA) under South Africa’s battery energy…

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Scatec ASA’s Egypt Green Hydrogen project secures €30 million grant

Global, News

Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to support the project, which has a total capital expenditure of approximately €500 million. The PtX Development Fund, created by the German Federal Ministry for Economic Cooperation and Development and KfW, aims to promote Power-to-X projects in developing and emerging countries. This funding will contribute to Scatec’s green hydrogen production efforts, aligning with the fund’s…

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Scatec signs PPA for 1 GW solar and 100 MW battery storage project in Egypt

Global, News

Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year, USD-denominated agreement marks Egypt’s first hybrid solar and battery energy storage system. Scatec will manage the engineering, procurement, and construction, along with asset management, operations, and maintenance services. The company aims to secure concessional financing and expects construction to begin in the…

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Scatec, Aeolus to develop 120 MW solar projects in Tunisia

Global, News

Scatec ASA and Aeolus SA, part of Toyota Tsusho Group, have partnered to develop 120 MW of solar projects in Tunisia. Financial close has been achieved for the Sidi Bouzid and Tozeur projects, each 60 MW, with Scatec starting construction. Aeolus acquired a 49% stake, with Scatec holding 51%. The projects, selected by Japan’s Ministry of the Environment for the JCM Model Projects in FY2023, have a total cost of EUR 79 million. The financing…

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TotalEnergies to acquire 100 per cent stake in SN Power

Global, News

TotalEnergies is set to acquire SN Power from Scatec, gaining a 28.3 per cent stake in Uganda’s 250 MW Bujagali hydropower plant, which supplies over 25 per cent of Uganda’s peak electricity demand. The deal also includes stakes in hydropower projects in Rwanda (260 MW) and Malawi (360 MW). This acquisition, managed through a joint venture (JV) with Norfund and British International Investment, aligns with TotalEnergies’ strategy to support Africa’s energy transition. The company aims…