Scatec Solar will build, own, operate and maintain the solar power plants with a 42 pct shareholding. KLP Norfund Investments will hold 18 pct, the surrounding Community of Upington 5 pct and a South African investor will hold the remaining 35 pct of the equity.
Construction is expected to get underway in Q3 third of 2018 with grid connection towards the end of 2019. The plants are,projected to generate 650 GWh and avoid about 550,000 tpy of CO2 emissions.
(Source: Scatac Solar, PR, 5 April, 2018) Contact: Scatac Solar, Raymond Carlsen, CEO, +47 454 11 280
More Low-Carbon Energy News Scatec Solar , Solar, South Africa Solar,