Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.
Renewable energy power producers Scatec has started building three co-located solar projects with 1.1 GW hours of energy storage in South Africa, after achieving financial close.
Renewable energy power producer Scatec has signed power purchase agreements (PPA) for three co-located solar and storage projects with 1.1GWh of energy storage in South Africa.
Philippines’ investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024.
Scatec has been awarded Preferred Bidder status for 540MW of solar projects with 225MW / 1,140MWh of battery storage through a government tender in South Africa.
