Scatec Solar South African Solar PV Portfolio
Sector: Commercial • Location: Northern Cape, South Africa
Source: World Bank Group
The project comprises the development and operation of a 258 MW portfolio of solar PV plants in Upington, South Africa. Sirius Solar PV Project One, Dyason’s Klip 1 and Dyason’s Klip 2 are the project companies undertaking the projects on behalf of the sponsors - Scatec Solar (42%), Norfund Investments (18%), South African black investors – 35% and local community of Upington – 5%. Project plants
- Status
- Prospective
- Sector
- Commercial, Power Generation (CCGT), Solar, Government
- Location
- Northern Cape, South Africa
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project comprises the development and operation of a 258 MW portfolio of solar PV plants in Upington, South Africa. Sirius Solar PV Project One, Dyason’s Klip 1 and Dyason’s Klip 2 are the project companies undertaking the projects on behalf of the sponsors - Scatec Solar (42%), Norfund Investments (18%), South African black investors – 35% and local community of Upington – 5%. Project plants were procured under South Africa’s REIPPPP. This is a greenfield project initiated on a BOO basis with a 20-year power purchase agreement with ESKOM. Total project cost stands at $398.1 million and is being funded by debt and equity in 77:23 ratio. The sponsors will contribute a total of $90.3 million as equity, while a consortium of commercial banks and DFIs will provide $307.8 million with South African lender Standard Bank leading the deal. Financing closed on April 12, 2018. https://ijglobal.com/data/transaction/33800/scatec-solar-south-african-solar-pv-portfolio-258mw |
Original sector | Energy |
Budget |
Location
Country | South Africa |
State | Northern Cape |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Power Generation (CCGT), Solar, Government |
Article published date | 2024-05-21 |
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