Oslo/Cape Town, 12 March 2025: Scatec ASA, a leading renewable energy provider,
has started commercial operation of the first 60 MW of the 120 MW Mmadinare
Solar Cluster in Botswana.
The power plant is Scatec's first in Botswana and will generate predictable
revenues from a 25-year power purchase agreement (PPA) with Botswana Power
Corporation, the national utility. The remaining 60 MW of the project is
currently under construction and is expected to be completed in the beginning of
2026. Scatec owns 100% of the project and is aiming to reduce its long-term
economic interest by inviting additional equity partners.
"We are very proud to achieve COD for the first phase of the solar power plant
within budget, reinforcing our commitment to advancing renewable energy in the
region," says Terje Pilskog, CEO Scatec.
"Moving from development to construction and now to commercial operation has
been highly rewarding. We are now ramping up construction of the second phase
and look forward to its completion in the beginning of next year," says Alberto
Gambacorta, Scatec's EVP of Sub-Saharan Africa.
For further information, please contact:
For analysts and investors:
Andreas Austrell, VP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686
For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
+47 468 44 959
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 4.8 GW in
operation and under construction across five continents today. We are committed
to growing 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
(http://www.scatec.com/) or connect with us on LinkedIn
(https://www.linkedin.com/company/scatec/).
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act