Scatec awarded battery storage project for 103 MW in government tender in South Africa
30 Noviembre 2023 - 7:53AM
Scatec awarded battery storage project for 103 MW in government
tender in South Africa
Oslo, 30 November 2023: Scatec ASA has been
awarded preferred bidder status for the Mogobe (Ferrum) battery
energy storage project totalling 103 MW/ 412 MWh under the first
bid window of the Battery Energy Storage Independent Power Producer
Procurement Programme (BESIPPPP) in South Africa, by the Department
of Mineral Resources and Energy. Scatec will dispatch power under a
15-year power purchase agreement (PPA).
“This marks another significant achievement for Scatec in South
Africa and for the renewable energy transition in the country.
Today’s award reaffirms our standing as a leading renewable energy
player in South Africa. We applaud the South African government’s
commitment and dedication to the battery storage procurement
programme,” says Scatec CEO Terje Pilskog.
Building on the experience garnered from our hybrid solar and
battery storage projects at Kenhardt, we have established ourselves
as a frontrunner in the dispatchable renewable energy landscape of
South Africa and the African continent.
“Once again, we have shown that dispatchable energy and grid
infrastructure are cornerstones to the sustainability of South
Africa’s current and future energy system,” adds Jan Fourie, EVP
Sub-Saharan Africa, Scatec.
The request for proposal was issued on 7 March 2023, and bid
submission on 2 August 2023. The programme aims to procure 513 MW
of battery storage via the Department of Mineral Resources and
Energy, across five specific Eskom (national utility) transmission
substations in the Northern Cape province.
The estimated total capex for the battery energy storage project
is ZAR 3.1 billion (USD 163 million) of which Scatec’s EPC
contracts account for approximately 83%. The project will be
financed by ZAR 2.6 billion (USD 138 million) of non-recourse
project debt and the remaining by equity from the owners.
Scatec will own 51% of the equity in the project with Perpetua
Holding owning 46.5% and a Community Trust holding 2.5%. Scatec
will be the engineering, procurement, and construction (EPC)
provider and provide operations & maintenance (O&M), as
well as asset management (AM) services to the project.
According to the Department of Mineral Resources and Energy,
commercial close is expected to be concluded by June
2024.
For further information, please contact: For
analysts and investors: Andreas Austrell, VP IR, phone: +47 974 38
686, andreas.austrell@scatec.com For media: Meera
Bhatia, SVP Communications & Government Affairs,
phone: +47 468 44 959, meera.bhatia@scatec.com About
Scatec Scatec is a leading renewable energy
solutions provider, accelerating access to reliable and affordable
clean energy emerging markets. As a long-term player, we develop,
build, own, and operate renewable energy plants, with 4.3 GW in
operation and under construction across four continents today. We
are committed to grow our renewable energy capacity, delivered by
our passionate employees and partners who are driven by a common
vision of ‘Improving our Future’. Scatec is headquartered in Oslo,
Norway and listed on the Oslo Stock Exchange under the ticker
symbol ‘SCATC’. To learn more,
visit www.scatec.com or connect with us
on LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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