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Norwegian energy company Scatec: plans to invest R16 billion in photovoltaic and energy storage projects

Norwegian energy company Scatec: plans to invest R16 billion in photovoltaic and energy storage projects

Apr 7,2022.

Polaris Solar Photovoltaic Network News: According to a report by the South African News 24-hour website on March 24, the fourth South African Investment Conference received a total of 332 billion rand of investment commitments, involving mining, automobiles, energy, pharmaceuticals and other fields. The total investment commitment of the General Assembly reached 1.14 trillion rand, which has achieved 95% of the 1.2 trillion rand investment target set by President Ramaphosa four years ago.


Among them, Ford Motor invested R16.4 billion in Gauteng and Eastern Cape provinces to manufacture new Ranger models, African Rainbow Mining invested R11 billion in two platinum mines in Limpopo, Anglo American announced in 2018. The R100 billion investment is by an additional R10 billion investment, with Impala Platinum investing R11.8 billion in platinum and Norwegian energy company Scatec investing R16 billion in solar PV and energy storage projects in the Northern Cape.



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