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Scatec project in Brazil

Scatec posts third quarter revenues of US$270 million, driven by divestment strategy

November 1, 2024
Scatec has published its latest financial results, which include revenues of NOK2.97 billion (US$270 million) in the third quarter of 2024.
Rooftop solar installations in South Africa.
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South Africa’s rooftop solar has helped alleviate load shedding, but has undermined demand for residential PV

November 1, 2024
A surge in rooftop solar has helped resolve load shedding in South Africa, but this has led to a decline in the demand for residential PV.
A Lihao Clean Energy project.

Lihao Clean Energy plans to build a polysilicon plant in Angola

October 25, 2024
Sonangol and Qinghai Lihao Clean Energy plan to build a polysilicon plant, which will produce PV modules made of quartz ore, in Angola.
A Toyo Solar manufacturing facility.

Toyo to build 2GW cell plant in Ethiopia

October 14, 2024
Construction of the cell plant in Ethiopia is expected to start in November 2024, with the start of production aimed at the end of the first quarter of 2025.
solar panels against a sunset

Energy transition faces global headwinds despite solar and storage boom

October 10, 2024
DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.
The Droogfontein solar plant in South Africa.
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South Africa’s 10% import tax on solar modules may hit smaller projects hardest

October 1, 2024
South Africa's announced 10% import duty on solar modules poses challenges for developers with tighter profit margins.
South African PV manufacturing.
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South African PV manufacturers eyeing tier one producers to build new domestic assembly facilities

September 20, 2024
Local PV manufacturers in South Africa are talking with tier one producers to collaborate on local facilities for the South African market.
A 258MW solar project in South Africa’s Northern Cape province. Image: Scatec.

EIB, FirstRand Bank invest €400 million in South African solar PV and wind

September 16, 2024
The European Investment Bank (EIB) and FirstRand Bank have allocated €400 million (US$444 million) to support the development of solar PV and wind generation projects in South Africa.
Image: AMEA Power.

AMEA Power to build 1GW solar PV project with 600MWh BESS in Egypt

September 13, 2024
AMEA Power is set to build one of Africa’s largest solar PV projects in Egypt, with a generation capacity of 1GW, after signing several PPAs.
Scatec and the EETC sign the agreement.

Scatec signs PPA for 1GW solar-plus-storage project in Egypt

September 12, 2024
Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1GW solar-plus-storage project.

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