{"id":15645,"date":"2026-02-17T09:03:07","date_gmt":"2026-02-17T09:03:07","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15645"},"modified":"2026-02-17T09:03:09","modified_gmt":"2026-02-17T09:03:09","slug":"south-africa-lyra-energy-secures-private-sector-offtake-for-a-255-mw-solar-power-plant","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-lyra-energy-secures-private-sector-offtake-for-a-255-mw-solar-power-plant\/","title":{"rendered":"SOUTH AFRICA: Lyra Energy Secures Private Sector Offtake for a 255 MW Solar Power Plant"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Scatec\u2019s joint venture renewable energy platform in South Africa, Lyra Energy (Lyra), has signed power purchase agreements (PPA) with three top tier commercial and industrial offtakers for a large portion of a 255 MW solar power plant (Thakadu).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe announcement of Lyra Energy\u2019s first solar plant in South Africa is a milestone for this trading platform. Securing offtake agreements with private sector customers for the Thakadu project demonstrates the growing appetite amongst businesses for reliable, cost-effective clean power. Our aggregator model is making renewable energy more accessible, helping South African companies reduce costs and emissions while supporting the country\u2019s energy transition,\u201d says Scatec CEO Terje Pilskog.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re proud to launch the Thakadu solar power plant with strong commercial and industrial partners onboard. By pooling resources and offering flexible, risk-managed contracts, Lyra Energy is empowering businesses of all sizes to benefit from large-scale renewable energy. This project is a testament to the strength of our partnership and our commitment to building a sustainable future for South Africa,\u201d says Eben de Vos, Head of Lyra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scatec will provide Engineering, Procurement, and Construction (EPC), Asset Management (AM) and Operations &amp; Maintenance (O&amp;M) services for the project. The power plant will be built in two phases, with financial close and construction start of the first phase expected during the first quarter of 2026, and the second phase during 2026. Capital expenditures (capex), financing structure, and Scatec\u2019s EPC-scope will be provided at financial close.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lyra is a renewable energy platform in partnership between Scatec, Standard Bank, and Stanlib, with Scatec owning 50% and the partners owning the remaining 50%. Lyra offers a low-risk, flexible power solution for medium and large commercial and industrial (C&amp;I) users, through a flexible contracting structure. By pooling renewable energy resources and serving multiple commercial users, Lyra Energy makes large-scale clean power accessible to businesses that might not have the capacity to develop their own renewable projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scatec\u2019s joint venture renewable energy platform in South Africa, Lyra Energy (Lyra), has signed power purchase agreements (PPA) with three top tier commercial and industrial offtakers for a large portion &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-lyra-energy-secures-private-sector-offtake-for-a-255-mw-solar-power-plant\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[12394,9901,3178,12395],"class_list":["post-15645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-lyra-energy","tag-scatec","tag-standard-bank","tag-stanlib","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=2560%2C1440&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-44l","jetpack-related-posts":[{"id":12312,"url":"https:\/\/www.oilnewskenya.com\/index.php\/scatec-signs-power-purchase-agreements-under-south-africas-rmipppp\/","url_meta":{"origin":15645,"position":0},"title":"Scatec signs Power Purchase Agreements under South Africa\u2019s RMIPPPP","author":"","date":"June 6, 2022","format":false,"excerpt":"Scatec ASA has signed the power purchase agreements for the three Kenhardt projects in the Northern Cape Province of South Africa, under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) alongside the South African government. A first of a kind in Africa, the project will provide 150 MW of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Scatec-RMIPPPP-signing.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Scatec-RMIPPPP-signing.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Scatec-RMIPPPP-signing.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Scatec-RMIPPPP-signing.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Scatec-RMIPPPP-signing.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5366,"url":"https:\/\/www.oilnewskenya.com\/index.php\/scatec-solar-norfund-sign-power-purchase-agreement-for-mozambiques-first-large-scale-solar-plant\/","url_meta":{"origin":15645,"position":1},"title":"Scatec Solar, Norfund sign Power Purchase Agreement for Mozambique&#8217;s first large scale Solar Plant","author":"","date":"November 1, 2016","format":false,"excerpt":"Scatec Solar \u00a0and Norfund \u00a0have signed the Power Purchase Agreement securing\u00a0 the sale of solar power over a 25 year period to the state owned utility Electricidade de Mozambique (EDM). The agreement was signed at a ceremony in Maputo yesterday in the presence of the Norwegian Minister of Foreign Affairs,\u2026","rel":"","context":"In &quot;Renewables 2&quot;","block_context":{"text":"Renewables 2","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/renewables-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/Scatec-solar-2.png?fit=600%2C311&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15404,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-scatec-starts-commercial-operation-at-grootfontein-solar-power-plant\/","url_meta":{"origin":15645,"position":2},"title":"SOUTH AFRICA: Scatec Starts Commercial Operation at Grootfontein Solar Power Plant","author":"","date":"December 7, 2025","format":false,"excerpt":"Scatec ASA has started commercial operation of the 273 MW Grootfontein solar power plant in South Africa, which will generate predictable revenues from a 20-year power purchase agreement (PPA). \u201cWe are proud to commence commercial operations at Grootfontein, reinforcing our strong track record in South Africa. This project builds on\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Site-Overview-1-1536x864-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Site-Overview-1-1536x864-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Site-Overview-1-1536x864-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Site-Overview-1-1536x864-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/Site-Overview-1-1536x864-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11398,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-chad-lesotho-scatec-enters-into-multipledeals-to-deliver-hybrid-solar-storage-plants-in-africa\/","url_meta":{"origin":15645,"position":3},"title":"CAMEROON\/CHAD\/LESOTHO: Scatec Enters into Multiple Deals to Deliver Hybrid Solar &#038; Storage Plants in Africa","author":"","date":"December 16, 2021","format":false,"excerpt":"CAMEROON Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW\/19 MWh storage. The plants will supply low cost, clean and reliable electricity in Maroua and Guider in the Grand-North\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Solar-Energy-2.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":15411,"url":"https:\/\/www.oilnewskenya.com\/index.php\/botswana-scatec-starts-commercial-operation-at-mmadinare-phase-2\/","url_meta":{"origin":15645,"position":4},"title":"BOTSWANA: Scatec starts commercial operation at Mmadinare phase 2\u00a0","author":"","date":"December 13, 2025","format":false,"excerpt":"Scatec ASA has started commercial operation of the second 60 MW phase of the 120 MW Mmadinare Solar Cluster in Botswana. The Mmadinare Solar Cluster is Scatec\u2019s first project portfolio in Botswana, where the first phase has been operational since March this year. The power plant will generate predictable revenues\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/DJI_20251115063751_0147_D.jpg?fit=960%2C540&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/DJI_20251115063751_0147_D.jpg?fit=960%2C540&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/DJI_20251115063751_0147_D.jpg?fit=960%2C540&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/12\/DJI_20251115063751_0147_D.jpg?fit=960%2C540&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14115,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rwanda-scatec-sells-stake-in-asyv-solar-power-plant-for-1-38m\/","url_meta":{"origin":15645,"position":5},"title":"RWANDA: Scatec Sells Stake in ASYV Solar Power Plant\u00a0for $1.38M","author":"","date":"December 19, 2023","format":false,"excerpt":"Scatec ASA has signed an agreement with Fortis Green Fund I Rwanda Holdings Ltd and Axian Energy Green Ltd to sell its 54% equity share in the 8.5 MW solar power plant in Rwanda for USD 1.38 million (NOK 14.2 million), in line with the company\u2019s strategy. \u201cThis transaction is\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/12\/Rwanda-Scatec-Solar-1-scaled.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15645"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15645\/revisions"}],"predecessor-version":[{"id":15646,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15645\/revisions\/15646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14119"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}