The Project consists of the development, financing, construction, operation, and maintenance of a 50 MWac solar PV plant at Selebi Phikwe in Botswana. The Project will be supplying power to Botswana Power Corporation (BPC) under a 25-year Power Purchase Agreement, signed on August 31, 2022. The Project was bid under a competitive process conducted by BPC in October 2020 and awarded to Scatec in August 2021.
The Project is located close to Selebi Phikwe town and will interconnect to the 220kV transmission line between Selebi Phikwe and Phokoje substation. The Phokoje substation is situated on Southern African Power Pool north-south 400kV transmission backbone providing the project a very stable point of interconnection as well as a strategic location in respect of the SAPP. The Project will cover an area of 121ha and will have an installed peak capacity of 60MW, making use of single axis trackers and bifacial solar panels.
As stated by the IFC, the Project Company is Selebi Phikwe Solar Pty Ltd, a Special Purpose Vehicle incorporated in Botswana. Scatec ASA indirectly owns 100% of the SPV’s shares (through Scatec Netherlands) and will act as the EPC, O&M and Asset Manager in the Project delivery through its vertically integrated business model. To serve this purpose a separate, wholly owned subsidiary has been incorporated in Botswana as Scatec Operations Botswana Pty Ltd. A sell down of 40% of shares in the Project Company to local Batswana investors is envisioned within 5 years after Commercial Operation Date on a best-effort basis.
Scatec, listed on the Oslo stock exchange, is a leading global renewable power producer, delivering affordable and clean energy. Scatec develops, builds, owns, and operates solar, wind and hydro power plants and battery energy storage solutions. With over 767 employees, Scatec has 3.4GW of operational assets and 1.3 GW under construction spread across 21 countries.
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