Botswana is rich in natural resources and has vast solar energy potential, receiving over 3,200 hours of sunshine per year. Even though Botswana possesses vast coal resources, the nation’s ambitions to drive a renewable energy transformation is clear to see. The country’s Vision 2036 calls for 50% renewable energy allocation by 2036.
In August 2022, Scatec signed a binding 25-year PPA with Botswana Power Corporation, a state-owned utility in Botswana, for a 60 MW solar power plant at Selebi-Phikwe. The solar project is the first of its kind in the country.
The estimated total capital expenditure for the project is BWP 640 million (USD 49 million) to be financed by 70% non-recourse project debt and equity from partners.
Scatec will own 100% of the project, and provide EPC services, as well as Asset Management and O&M services.