Lyra Energy commences construction of 255MW Thakadu solar facility

Lyra Energy, a associated task betwixt Scatec, Standard Bank and Stanlib successful South Africa, has achieved fiscal adjacent for its Thakadu star powerfulness works and begun operation of the 255MW facility.

Scatec holds a 50% ownership involvement successful the renewable vigor platform, with the remaining 50% owned by Standard Bank and Stanlib.

With archetypal operation initiated, the 2nd signifier of the Thakadu task is scheduled for the second fractional of 2026.

The star plant's superior expenditure (capex) stands astatine astir R4bn ($240m).

This backing volition beryllium sourced done a premix of non-recourse task indebtedness and equity contributions from its owners, with an intended leverage people of 80%.

Standard Bank is acting arsenic the elder lender for this initiative.

Scatec is liable for providing engineering, procurement and operation (EPC), on with plus absorption and operations and attraction services for the Thakadu project.

The EPC scope managed by Scatec represents astir 80% of the project's full capex.

The archetypal signifier is acceptable to go commercially operational successful the archetypal fractional of 2027.

Scatec CEO Terje Pilskog said: “This marks an important milestone for Lyra Energy and the Thakadu project. With contracted backstage assemblage offtake successful spot and financing secured, the task is good positioned for operation and delivery.”

Last month, Lyra Energy signed powerfulness acquisition agreements with 3 large commercialized and concern consumers covering a important portion of the Thakadu plant.

Lyra Energy aims to supply a low-risk and adaptable powerfulness solution customised for medium-to-large commercialized and concern users done its flexible contracting framework.

"Lyra Energy commences operation of 255MW Thakadu star facility" was primitively created and published by Power Technology, a GlobalData owned brand.

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