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.
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Counterparts (8)
Partner
Hulisani
Hulisani is an investment company focused on infrastructure projects, particularly in the energy sector. They aim to create long-term value through strategic investments and partnerships.
Black Community
Black Community is focused on investments in infrastructure projects that benefit the Black community. Their strategy involves identifying and supporting projects that promote economic development and create opportunities within underserved communities.
Lender
British International Investment
British International Investment (BII) is the UK's development finance institution. It invests in businesses in Africa, Asia and the Caribbean with the aim of solving the biggest global development challenges by investing to improve lives.
Industrial Development Corporation (IDC)
The Industrial Development Corporation (IDC) is a development finance institution in South Africa. It focuses on promoting industrial development and economic growth by providing financial support to entrepreneurs and businesses in various sectors.
Standard Bank
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.
Norfund
Norfund is a Norwegian investment fund that focuses on investing in renewable energy, financial institutions, and infrastructure in developing countries. They aim to create jobs, stimulate economic growth, and contribute to sustainable development.
Deutsche Entwicklungs- und Investitionsgesellschaft (DEG)
DEG is a German development finance institution that invests in private sector companies in developing and emerging countries to promote sustainable development. They provide long-term financing and advisory services to companies investing in sectors such as infrastructure, energy, and agribusiness.
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Announced
May 29, 2024
Signed
Closed
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