Scatec falls short of 5.9GW target

The South African government has postponed the approval process for a national power utility overhaul that would otherwise have awarded the Norwegian developer 540MW before the end of the year, with Scatec thereby not fulfilling its 2021 objective.

Photo: Scatec

South Africa's approval process for the national Risk Mitigation Independent Power Procurement Programme (RMIPP) has been postponed to the misfortune of Norwegian project develop Scatec, forced to see its projects delayed and growth goal for 2021 disappear on the horizon.

"It is disappointing not to reach the 2021 growth target, but with our track record and solid pipeline we will continue to deliver growth and long-term value. South Africa is our home market, and we are looking forward to delivering much needed electricity under the RMIPP programme," writes Chief Executive Raymond Carlsen in a statement.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs