Lyra Energy signs PPAs for 255 MW Thakadu solar plant in South Africa

Lyra Energy, a joint venture between Scatec, Standard Bank, and Stanlib, has signed power purchase agreements (PPAs) for the 255 MW Thakadu solar plant in South Africa. The PPAs are with three top-tier commercial and industrial offtakers. Scatec will provide EPC, Asset Management (AM), and Operations & Maintenance (O&M) services for the project. The Thakadu project marks Lyra Energy’s first solar plant in South Africa under its trading platform model. The project will be developed in two phases, with financial close and construction of phase one expected in Q1 2026.