Scatec and partners secure financial close for three Kenhardt projects in South Africa
USD16400M
Deal Value
540 MW
Capacity
Scatec and its partners achieved financial close for three Kenhardt projects in South Africa, involving solar and battery storage. The project is financed by a consortium of lenders.
Timeline
Announced
May 29, 2024
Signed
Closed
Counterparts (8)
Lender
Standard Bank
Standard Bank Group is an Africa-focused financial services group. They provide financial solutions ...
Norfund
Norfund is a Norwegian investment fund that focuses on investing in renewable energy, financial inst...
British International Investment
British International Investment (BII) is the UK's development finance institution. It invests in bu...
Industrial Development Corporation (IDC)
The Industrial Development Corporation (IDC) is a development finance institution in South Africa. I...
Deutsche Entwicklungs- und Investitionsgesellschaft (DEG)
DEG is a German development finance institution that invests in private sector companies in developi...
Global Infrastructure Sherpa