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Norwegian firm raises P650m for Phikwe solar

Friday, June 30, 2023 | 510 Views |
Sun-powered: The Phikwe project is the closest to construction amongst the country’s planned mega-renewables PIC: PHATSIMO KAPENG
Sun-powered: The Phikwe project is the closest to construction amongst the country’s planned mega-renewables PIC: PHATSIMO KAPENG

Norwegian renewable energy firm, Scatec ASA, has secured a $46 million (P618m) funding package with the International Finance Corporation (IFC) for the development of the 50-megawatt solar plant scheduled to be built in Selebi-Phikwe.

The Norwegian firm won a highly contested tender for the contract in August 2021 and has since been mobilising funding to the tune of $49 million (P658m) required for the plant, which will be the country’s single largest renewable project to date.

The project is being done on an Independent Power Producer (IPP) basis, where Scatec will bear the costs of building, running, and maintaining the plant with the Botswana Power Corporation (BPC) purchasing the power under a 25-year agreement.

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Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Mmegi Editor | 10 April 2026
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