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.

Counterparts (4)

Developer

Lyra Energy

company · 1 deals

Lyra Energy is an energy company focused on developing and operating infrastructure projects. They likely invest in a range of energy assets.

Partner

Standard Bank

company · 1 deals

Standard Bank Group is an Africa-focused financial services group. They provide financial solutions to individuals and businesses across the continent, aiming to drive sustainable and inclusive growth.

Stanlib

company · 1 deals

STANLIB is a South African investment manager that offers a range of funds and solutions to individual, advisor, institutional and corporate clients. They focus on delivering investment expertise and navigating complex markets to achieve long-term investment success.

Scatec ASA

company · 5 deals

Scatec is a renewable energy solutions provider focused on accelerating access to reliable and affordable clean energy in emerging markets. They develop, build, own, and operate renewable energy plants.