Scatec secures 60MW solar financing in Botswana

Scatec ASA, a Norwegian renewable power producer, has achieved financial close on the initial phase of a 120-MW solar park in Botswana. The 60-MW project will generate electricity for around 20,000 homes annually and is contracted for 25 years with the Botswana Power Corporation (BPC). The project will be funded by BWP 936 million of non-recourse project debt and equity. The company will handle all engineering, procurement, construction, operations and maintenance activities.