Scatec sells partial ownership in Kalkbult, Linde, and Dreunberg solar power plants in South Africa to STANLIB Infrastructure Fund II for ZAR 921 million

Scatec is selling a partial stake in its 190 MW Kalkbult, Linde, and Dreunberg solar plants in South Africa to STANLIB Infrastructure Fund II for ZAR 921 million. This isn't a full exit; Scatec, a developer and operator in emerging markets, will recycle the capital into new renewable energy investments while retaining the lucrative O&M and asset management contracts. For STANLIB, an existing investor, the transaction deepens its commitment by moving to majority ownership in these operational assets. It's a clear capital recycling play, allowing Scatec to unlock value from mature assets while maintaining a service revenue stream in a key market.