Energising tomorrow: Scatec ignites one of the world's largest hybrid solar and battery project in South Africa
11 Diciembre 2023 - 5:44AM
Energising tomorrow: Scatec ignites one of the world's largest
hybrid solar and battery project in South Africa
Oslo / Cape Town, 11 December 2023: In a
significant step towards a sustainable and resilient future, Scatec
ASA, a leader in renewable energy solutions, has officially started
producing and supplying electricity to the national grid from the
three Kenhardt plants in the Northern Cape Province, in South
Africa.
The Kenhardt project is positioned to make a notable impact on
the renewable energy landscape as one of the world's first and
largest hybrid solar and battery storage facilities. With an
installed solar capacity of 540 MW and a battery storage capacity
of 225MW/1,140MWh, this innovative and large-scale project delivers
150 MW of dispatchable power from 5 am to 9.30 pm year-round to the
national grid under a 20-year Power Purchase Agreement with
Eskom.
With a total investment of approximately USD 1 billion, the
Kenhardt project marks the largest commitment in Scatec's history
and will generate solid returns to Scatec’s shareholders. The
project debt is provided by a group of lenders which includes The
Standard Bank Group as lead arranger and British International
Investment (BII).
"Today, we embark on an exciting journey into a new era of
energy solutions. The Kenhardt project symbolises not only a
technological triumph but a commitment to shaping a sustainable
future," says Terje Pilskog, CEO of Scatec. "This
is more than just a power plant; it's a testament to the limitless
potential of integrating solar and battery storage to meet the
evolving energy needs of today and tomorrow. I would like to
congratulate the team of Scatec ‘changemakers’ who have delivered
this innovative project on schedule, within budget and with good
HSSE performance and thank all partners and stakeholders who have
been integral to this success."
A hybrid solar and battery storage plant integrates solar and
battery technologies, overcoming intermittency challenges and
bolstering grid stability. With the ability to deliver reliable
power in low or no sunlight, the integrated storage enhances
overall reliability. Dispatchable power production and releasing
stored energy during peak demand make these plants ideal for
meeting region-wide energy needs during high consumption
periods.
Jan Fourie, EVP of Sub-Saharan
Africa, emphasises the significance of
this endeavour, stating, "This isn't just about powering homes;
it's about empowering communities. The Kenhardt project showcases
the resilience and reliability of renewable energy, proving it to
be a steadfast source of electricity capacity for the grid.
Dispatchable renewables are the future."
"The progression from the development phase through
construction, and now reaching the stage of commercial operation,
has been a rewarding experience. We are ready to generate
electricity and play a vital role in advancing South Africa's green
energy production with this innovative hybrid energy solution,"
adds Fourie.
Scatec holds 51% of the equity and H1 Holdings, our local Black
Economic Empowerment partner, owns the remaining 49%. This
collaboration is not just about generating power; it's about
empowering and fostering sustainable growth.
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
Notes to editors:At peak construction the site
employed 2,600 workers, with a high proportion of women, fuelling
local employment and community benefits. Spanning 879 hectares and
measuring 10 km North to South, construction started in July 2022
and included the installation of almost 1 million PV modules. The
battery facility comprises 456 units, each matching the size of a
shipping container, weighing 30 tonnes. The extensive project
involves more than 9,000 kilometres of cabling, equivalent to the
distance from Norway to South Africa. Notably, the project
outperformed fossil fuels in a competitive bid, cementing
renewables’ ascendance as the most cost-effective electricity
source.
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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