Scatec’s 273 MW Grootfontein projects become first BW5 solar projects to reach financial close

Three solar photovoltaic (PV) projects bid under the much-delayed fifth bid window (BW5) of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), which was implemented in 2021, have advanced to financial close. The Grootfontein projects, which are being developed by Scatec of Norway, have a combined capacity of 273 MW and a combined investment value of R5.1-billion.