Page 8 - AfrElec Week 23 2022
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AfrElec                                        INVESTMENT                                             AfrElec


       Norway’s Scatec signs PPAs for





       $1bn project in South Africa






        SOUTH AFRICA     A Norwegian renewable energy solutions pro-  facilities.
                         vider, Scatec, has signed three power purchase   “Today’s signing acknowledges this landmark
                         agreements (PPAs) for its three solar projects at  achievement by the government, as well as the
                         Kenhardt in South Africa, it said in a release.  private sector in achieving this milestone in the
                           Scatec plans to build three projects in the  RMIPPPP process. With these agreements being
                         Northern Cape Province to produce 540 MW  signed, we are working towards financial close
                         of solar energy and install 1.1 GWh of battery  under the timelines and conditions as stipulated
                         storage. The signing of the agreements with the  by the authorities,” says Scatec chief executive
                         South African government under its Risk Mit-  Terje Pilskog.
                         igation Independent Power Producer Procure-
                         ment Programme (RMIPPPP) on June 2 paves   Scatec, headquartered in Oslo, has hydro,
                         the way for financial close to be achieved within  solar and wind assets with a total installed
                         60 days. Thereafter, construction of the $1bn  capacity of 3,355 MW in about 15 countries
                         project will begin, Scatec said in its statement.  worldwide.
                           A first of a kind in Africa, the project will pro-  It will own 51% of the Kenhardt project with
                         vide 150 MW of dispatchable renewable energy  H1 Holdings, their South African partner own-
                         from 5:00 in the morning to 21:30 in the evening  ing 49%.  Scatec will be the engineering, pro-
                         based on a hybrid installation of 540 MW of solar  curement and construction (EPC) provider and
                         PV capacity and 1.1 GWh of battery storage. The  provide operation and maintenance as well as
                         Scatec projects were the sole renewables-only  asset management services to the power plants.
                         projects awarded in the technology-agnostic   “This unique solar and storage project sig-
                         RMIPPPP.                             nifies change within Africa’s renewable energy
                           This, the company said, demonstrates the  landscape and will be one of the largest renew-
                         attractiveness, commercial viability and uni-  able energy and storage projects in the world,”
                         versal application of hybrid renewable energy  said Pilskog.™
         Libya prepares new plan to





         develop renewables






        LIBYA               THE Libyan government is currently preparing   Earlier in January this year, the Irish power
                            a plan to develop its renewable energy sector  firm AG Energy said it obtained the approvals
                            as the potential of solar and wind power in the  from the Libyan authorities for the construction
                            North African country grows, said Mohamed  of a 200-MWp solar photovoltaic power plant in
                            Aoun, Oil Minister in the Interim Government  Ghadames.
                            of National Unity.                     The Libyan government launched the
                              Last month, the French group TotalEnergies  Renewable Energy Strategic 2013-2025 Plan
                            signed an initial agreement with power producer  in 2013, which aims to achieve a 7% renewable
                            General Electricity Company of Libya (GECOL)  energy contribution to the electric energy mix
                            to construct a 500-MW solar park project in Lib-  by 2020 and 10% by 2025. This will come from
                            ya’s northern region of As-Saddadah. The park  wind, concentrated solar power, solar PV and
                            will generate up to 152 TWh per year by employ-  solar heat, according to the International Energy
                            ing the latest solar energy technological applica-  Agency (IEA).
                            tions using up to 1.2mn solar panels.  Unlike its neighbours, Libya has lagged far
                              Aoun said similar projects will follow in the  behind in renewable energy development, due
                            coming period to strengthen the public power  to the continued chaos and political instability
                            supply.                             that followed the popular uprising in 2011.™







       P8                                       www. NEWSBASE .com                           Week 23  09•June•2022
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