Scatec starts commercial operation at Grootfontein solar power plant in South Africa

Core Insights - Scatec ASA has commenced commercial operations at the 273 MW Grootfontein solar power plant in South Africa, which is expected to generate predictable revenues through a 20-year power purchase agreement (PPA) [1][2] Company Overview - Scatec ASA is a leading renewable energy provider focused on delivering clean and reliable energy while creating long-term value for local communities and partners [2] - The company has a total of 6.2 GW of renewable energy capacity in operation and under construction across five continents [5] Project Details - The Grootfontein solar power plant is anticipated to generate 700 GWh of clean energy annually, resulting in an estimated reduction of 630,000 tonnes of CO2 emissions [4] - Scatec holds 51% equity in the project, with local partners H1 Holdings owning 46.5% and the Grootfontein Local Community Trust holding 2.5% [4] - The Grootfontein project is significant as it is Scatec's first project in the Western Cape and the first solar project to reach commercial operation under REIPPPP Round 5 [3]