News
03 February 2023

Scatec and Norfund to sell stakes in South African solar project

In:
Renewables
Region:
Middle East & Africa

Scatec has signed an agreement with a subsidiary of STANLIB Infrastructure Fund II to sell its 42% equity share in the 258MW Upington solar power plant in South Africa.Scatec will receive a gross consideration of ZAR979 million ($56 million) and will use the proceeds to reinvest in renewables. The...

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