Global Infrastructure SherpaLyra Energy reaches financial close for 255 MW Thakadu solar project in South Africa
Lyra Energy, a joint venture involving Scatec, reached financial close for the 255 MW Thakadu solar power plant in South Africa, with a total capital expenditure of approximately ZAR 4 billion (~ $240 million).
Counterparts (3)
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- 255 MW Thakadu solar project
- ZAR 4 billion (~$240 million) capital expenditure
- Norwegian IPP Scatec involved
- Standard Bank of South Africa as lender
Source Intelligence
The project financing structure combines non-recourse project debt and equity from the owners, targeting 80% leverage. The construction of the project is started with the first phase while the second phase is expected to begin in the second half of 2026.
"Lyra Energy, a joint venture involving Scatec, has reached financial close for the 255 MW Thakadu solar power plant in South Africa."
"Lyra Energy, a joint venture involving Scatec, has reached financial close for the 255 MW Thakadu solar power plant in South Africa."
"Scatec will deliver Engineering, Procurement and Construction services"
"Scatec will deliver Engineering, Procurement and Construction services and provide Asset Management and Operations & Maintenance support."
"Scatec will deliver Engineering, Procurement and Construction services and provide Asset Management and Operations & Maintenance support."
"Standard Bank of South Africa is the senior lender for the project."
Timeline
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