successful bid price of factory solar storage project in South Africa 2026

How much did South Africa Invest in solar projects?

Total investments from the eight preferred solar bidders were R31.4 billion (~$1.69 billion). The South African equity participation will be 49% across all the preferred bidders. BESIPPPP Eight battery energy storage projects were awarded preferred bidder status under the BESIPPPP Bid Window 2.

How much does a solar project cost in Zar?

Both of these solar projects have the same prices of ZAR 509.02/MWh. Additionally, it is the preferred bidder for the 220 MW Leeuwspruit Solar 1 with a price set at ZAR 514.06/MWh. Scatec revealed its three projects, also known as the Kroonstad PV cluster, will have an estimated total project cost of ZAR 13 billion.

What solar projects does Scatec Solar Africa offer?

It has also been selected for the 200 MW Florida Solar Park with a set price of ZAR 506.89/MWh and the 210 MW Virginia 4 Solar Park at a price of ZAR 504.87/MWh. Scatec Solar Africa Pty Ltd is the preferred bidder for the other three projects. These solar projects include the 240 MW Oslaagte Solar 2 and 240 MW Oslaagte Solar 3.

How much does Scatec's battery energy storage project cost?

The estimated total capex for the battery energy storage project is ZAR 2.2 billion (USD 120 million) of which Scatec’s EPC contracts account for approximately 80%. The project will be financed by 90% non-recourse project debt and the remaining by equity from the owners.

South Africa Awards 1.29 GW Solar, 615 MW Storage

In total, six solar PV projects were selected under REIPPPP Bid Window 7, all located in the Free State province. These projects achieved competitive bid prices ranging between ZAR 499.99/MWh and ZAR 514.06/MWh.

South Africa Awards 16 Solar and Battery Energy

EDF South Africa won a project of 77 MW with an evaluation price of R2,688.14 (~$144.39)/MWh. The department received 31 responses and selected eight bidders with a total investment of R12.8 billion (~$687.53 million).

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Scatec awarded preferred bidder status for 123

The estimated total capex for the battery energy storage project is ZAR 2.2 billion (USD 120 million) of which Scatec’s EPC contracts account for approximately 80%. The project will be financed by 90% non-recourse project

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