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Scatec sells Rwanda's 8.5MW solar power plant

Scatec will be exiting from the operations, maintenance and asset management agreements as part of the sale. (Image source: Scatec)

In line with the company strategy, renewable energy company, Scatec ASA has recently decided to sell its 54% equity share in the 8.5MW solar power plant in Rwanda 

Signing a joint agreement with Fortis Green Fund I Rwanda Holdings Ltd and Axian Energy Green Ltd, Scatec ASA will sell its equity share in the ASYV power plant for US$1.39mn. The transaction is subject to the customary regulatory consents and is expected to close in 2024, with Scatec also exiting from the operations, maintenance and asset management agreements as part of the sale. 

“This transaction is aligned with our strategy to consolidate our operating portfolio through divestments of assets in non-prioritised markets,” said Scatec CEO, Terje Pilskog.

For more information, visit: https://scatec.com/ 

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