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    Scatec’s Green Energy Initiative in Botswana’s Renewable Landscape

    Leading renewable energy provider Scatec has reached financial close on the first 60 MW of the 120 MW Mmadinare Solar Complex in Botswana. This project marks a significant milestone for Scatec, as it is the first utility-scale solar project in Botswana. The project is expected to start construction in 2023 and will bring clean energy to the country.

    Scatec will be the designated engineering, procurement, and construction (EPC) company, as well as asset manager (AM) and operations and maintenance (O&M) service provider for the project. The company’s expertise in renewable energy projects will be instrumental in the successful development and operation of the Mmadinare Solar Complex.

    The project is a testament to Scatec’s commitment to sustainable development and its vision of improving the future for all. The company is committed to providing access to reliable and affordable clean energy to emerging markets around the world.

    Key points: 

    • Industry: Renewable energy
    • Country: Norway
    • Project: Mmadinare Solar Complex
    • Project capacity: 120 MW
    • Project cost: BWP 1.4 billion (EUR 96 million)
    • Financing: BWP 936 million (EUR 64 million) of non-recourse project debt and equity from Scatec.
    • Completion date: Expected to start construction in 2023
    • Stock ticker name: ‘SCATC’

    This information is gathered from: https://scatec.com/2023/12/15/scatec-prepares-for-botswana-solar-plant-construction-after-reaching-financial-close/

    David Zingmark
    I'm a passionate individual dedicated to shining a spotlight on incredible companies. My goal is is to uncover stories by telling the most complex operations into simplified words, empowering you as a reader to gain better insights and make informed investment and/or business choices.

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