Scatec, a renewable energy company in emerging markets, has signed an agreement with a subsidiary of the STANLIB Infrastructure Fund II to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of ZAR 979 million ($56.5 million).
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South Africa: STANLIB fund acquires Scatec…
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Scatec, a renewable energy company in emerging markets, has signed an agreement with a subsidiary of the STANLIB Infrastructure Fund II to sell its 42% equity share in the 258 MW Upington solar power plant for a gross consideration of ZAR 979 million ($56.5 million).