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Scatec refinances power plants in South Africa and receives net proceeds of USD 36 million

Oslo, 24 March 2022: Scatec has refinanced the non-recourse debt facilities for the solar power plants Kalkbult, Dreunberg and Linde in South Africa with the existing lenders. Scatecโ€™s share of proceeds from the refinancing, based on its 45 per cent ownership in the power plants, amounts to ZAR 540 million (USD 36 million). Key amended terms include increased debt amounts,
South Africa Eastern Cape Free State South African Andreas Austrell Department Of Mineral Resources

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