Release by Scatec secures 64 MW solar and 10 MWh battery storage lease agreements in Liberia and Sierra Leone
Type: Development · Technology: Hybrid · Country: Liberia · Capacity: 64 MW · Announced: 2025-10-16
Scatec secured multi-million dollar lease agreements for 64 MW of solar PV and 10 MWh of battery storage, deploying renewable energy solutions in Liberia and Sierra Leone. These long.
Analysis
Release by Scatec has secured multi-million dollar lease agreements for 64 MW of solar PV and 10 MWh of battery storage in Liberia and Sierra Leone, with the formal announcement slated for 2025-10-16. This development deal, leveraging a hybrid technology solution, provides critical grid stability and clean energy access in West Africa. The lease structure allows Release by Scatec, a joint venture between Scatec and British International Investment, to deploy renewable assets while potentially offering flexible financing terms to off-takers like Liberia Electricity Corporation (LEC), which operates Liberia's 88MW Mount Coffee Hydropower P. This approach secures long-term revenue streams for the developer and addresses energy needs in emerging markets without requiring large upfront capital expenditures from local utilities. Scatec ASA, as the parent developer, continues its focus on accelerating access to reliable and affordable clean energy in emerging markets through this expansion into Liberia and Sierra Leone. The 64 MW solar and 10 MWh battery storage capacity will diversify Liberia's energy mix, complementing LEC's existing 88MW Mount Coffee Hydropower P and enhancing grid reliability with integrated storage. Release by Scatec's mandate to provide flexible solar and battery storage solutions to industrial and commercial customers in emerging markets aligns directly with this project, expanding its operational footprint in West Africa. This deal demonstrates a continued private sector commitment to developing hybrid renewable energy solutions in regions requiring both increased generation and improved grid stability.
Key points
- The formal announcement for these lease agreements is scheduled for 2025-10-16.
- Release by Scatec secured multi-million dollar lease agreements for 64 MW of solar PV and 10 MWh of battery storage.
- The project will deploy hybrid solar and battery storage technology in Liberia and Sierra Leone.
- Release by Scatec operates as a joint venture between Scatec and British International Investment.
- Liberia Electricity Corporation (LEC) is Liberia's sole national electric utility, operating the 88MW Mount Coffee Hydropower P.
Counterparties
- Release by Scatec (Developer)
- Liberia Electricity Corporation (LEC) (Offtaker)
- EGTC (Offtaker)
- Scatec ASA (Developer)