Scatec closes sale of 8.5 MW solar power plant in Rwanda
02 August 2024 - 12:12AM
UK Regulatory
Scatec closes sale of 8.5 MW solar power plant in Rwanda
Oslo, 1 August 2024: Scatec ASA, a leading renewable energy
company in emerging economies, has closed the divestment of its 54%
equity stake in the 8.5 MW solar power plant in Rwanda to Fortis
Green Fund I Rwanda Holdings Ltd (Fortis) and Axian Energy Green
Ltd (Axian) for USD 1.38 million. This announcement follows the
notice provided to the market in the fourth quarter of 2023.
“We continue to deliver on our strategy to consolidate our
portfolio through divestment of assets in non-core markets, and
recycling capital into new investments in renewable energy. We are
very satisfied with the closing and would like to thank the teams
in Scatec, Fortis, Axian and other parties involved for a
successful transaction. We are confident that the new owners will
take good care of the solar power plant and continue to deliver
clean renewable energy to the Republic of Rwanda for many years to
come,” says Scatec CEO Terje Pilskog.
Scatec has also exited from the operations, maintenance, and asset
management agreements for the power plant and has officially
discontinued all operations in Rwanda.
For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, phone: +47 974
38 686, andreas.austrell@scatec.com
For media: Meera Bhatia, SVP External Affairs and Communications,
phone: +47 468 44 959, meera.bhatia@scatec.com
About Scatec
Scatec is a leading renewable energy solutions provider,
accelerating access to reliable and affordable clean energy in
emerging markets. As a long-term player, we develop, build, own,
and operate renewable energy plants, with 4.6 GW in operation and
under construction across four continents today. We are committed
to grow our renewable energy capacity, delivered by our passionate
employees and partners who are driven by a common vision of
‘Improving our Future’. Scatec is headquartered in Oslo, Norway and
listed on the Oslo Stock Exchange under the ticker symbol
‘SCATC’. To learn more, visit www.scatec.com or
connect with us on LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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