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Scatec Secures Financing for 103MW/412MWh BESS in South Africa

Last Update 22 October 2024

Scatec has achieved financial close for the 103MW/412MWh Mogobe Battery Energy Storage System in South Africa, the continent's largest standalone BESS project. With a total investment of R3 billion, Scatec will hold 51% equity. The facility, aimed at enhancing grid stability, is backed by a 15 Year PPA. Scatec's CEO emphasizes this milestone for renewable energy in South Africa.

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