Scatec ASA has emerged as the top choice for South Africa’s Haru Battery Energy Storage System (BESS) project, a 123 MW/492 MWh facility.
The Department of Mineral Resources and Energy announced the selection under Phase 3 of the Battery Energy Storage IPP Procurement Programme (BESIPPPP).
The facility, to be built in Free State Province, will help the National Transmission Company of South Africa (NTCSA) balance the national power grid.
Scatec will operate under a 15-year agreement to make the storage capacity available for grid support.
The project carries an estimated cost of 2.2 billion ($120 million), with Scatec overseeing around 80% of the spending through EPC contracts.
Financing will rely on 90% non-recourse debt, with shareholders contributing the equity portion.
Scatec will maintain majority ownership with a 50.01% stake, while Stanlib-managed Greenstreet and Redstreet funds will hold 44.99%, and a local Community Trust will own 5%.
The Norwegian firm will also manage operations, maintenance, and asset management services for the project.
This initiative builds on Scatec’s previous energy storage and solar ventures in Kenhardt and the ongoing Mogobe BESS development.
Authorities expect the project to reach financial close by the end of Q1 2026 and to deliver flexible, dispatchable power that stabilizes the grid.
source:energynews.pro
