Impartial energy producer Scatec will assemble a 50MW photo voltaic challenge in Botswana after signing a 25-year energy buy settlement (PPA) with state-owned utility Botswana Energy Company (BPC) this week.
Set to be deployed in Selibe Phikwe, a former mining city within the east of the nation, the PV plant can be owned by Scatec, which may even function EPC, asset supervisor and O&M contractor.
“We’re proud to have reached this milestone with the BPC – demonstrating our skill to assist and ship clear power and infrastructure to sub-Saharan Africa,” stated Jan Fourie, normal supervisor of sub-Saharan Africa at Scatec.
Botswana introduced in 2020 that renewables would account for at the least 15% of the nation’s power combine by 2030, with a 50% renewable power contribution to the combination by 2036.
Earlier this month, investor Responsability Investments announced that it offered long-term debt financing to the primary two grid-connected PV initiatives in Botswana. The 1MW and 3MW vegetation have 25-year PPAs in place with BPC.
In neighbouring South Africa, Scatec recently signed PPAs for 3 co-located photo voltaic and storage initiatives that embrace 540MW of PV capability.
As reported by sister website Energy-Storage.news at the moment, Norwegian state-backed credit score company Eksfin is offering US$102 million in ensures for the three initiatives.