The projects involve a total investment of ZAR 4.76 billion, with non-recourse project finance of ZAR 3.68 billion, accounting for 77 percent of the total project cost. Construction is expected to begin in the third quarter of 2018 with grid connection anticipated towards the end of 2019. The plants are expected to produce 650 GWh of electricity per year, avoiding about 550,000 tons of CO2 emissions. Revenues in the first year of operations are expected to reach ZAR 720 million.
Scatec Solar will be the EPC provider for the projects and provide Operation & Maintenance as well as Asset Management services to the power plants.
Image: Dreunberg solar plant, South Africa
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