Scatec factsheets Q1 2023 | |||||||||||
In operation | |||||||||||
Country(1) | Assets | Technology | Economic Interest | Plant capacity (MW) | Annual production P50 (GWh)(2) | Currency | COD | PPA tenor | Tariff inflation adj. (p.a.) | Tax rate | Financial consolidation |
Philippines | SNAP Magat & Benguet | Hydro | 50% | 642 | 1600(3) | PHP | 2007 | n.a.(5) | n.a. | 10% | Equity cons. |
South Africa | Kalkbult, Linde, Dreunberg, Upington | Solar | 45% | 448 | 1,030 | ZAR | 2014/2020 | 20 | 18.5% & 100% of SA CPI (6) | 27% | Full |
Uganda | Bujagali | Hydro | 28% | 255 | 1,420 | USD | 2012 | 30 | No | 0% | Equity cons. |
Malaysia | Redsol, Malaysia QSP portfolio (3 plants) | Solar | 100% | 244 | 350 | MYR | 2019/2020 | 21 | No | 8% | Full |
Egypt | BenBan | Solar | 51% | 380 | 930 | USD/EGP(7) | 2019 | 25 | No | 23% | Full |
Laos | Theun Hinboun | Hydro | 20% | 525 | 3,000 | USD | 2012 | 20 | No | 15% | Equity cons. |
Ukraine | Chigirin, Kaminaka, Rengy, Boguslav, Progressovka | Solar | 89% | 336 | 400 | EUR | 2019/2020/2021 | 10 | No | 18% | Full |
Czech Republic | Czech portfolio | Solar | 100% | 20 | 20 | CZK | 2010 | 20 | 2.00% | 19% | Full |
Honduras | Agua Fria, Los Prados | Solar | 51% | 95 | 170 | USD | 2015/2018 | 20 | 100% of US CPI | Year 0-10: 0% / Year 10+: 25% | Full |
Jordan | Jordan portfolio | Solar | 62% | 43 | 100 | USD | 2016 | 20 | No | 10% | Full |
Brazil | Apodi | Solar | 44% | 162 | 350 | BRL | 2018 | 20 | 100% of BR CPI | 12% | Equity cons. |
Vietnam | Dam Nai wind | Wind | 100% | 39 | 120 | USD | 2018 | 20 | No | FY'22 - FY'32 10%, thereafter 20% | Full |
Argentina | Guañizuil | Solar | 50% | 117 | 310 | USD | 2021 | 20 | No | 35% | Equity cons. |
Other | Mocuba (Mozambique), ASYV (Rwanda), Release | Solar | 68% | 69 | 130 | USD | 2014/2019/2022 | 25(8) | 2.5% (Rwanda) | 20%/15%/30% | Full |
Under construction & Backlog | |||||||||||
Country | Assets | Technology | Economic Interest | Plant capacity (MW) | Annual production (GWh)(2) | Currency | Est. capex (100 %, million)(9) | PPA tenor | Tariff inflation adj. (p.a) | Tax rate | Est. initial leverage |
Under construction | |||||||||||
South Africa | RMIPPP | Solar + Storage | 51% | 540 + 225 | 900 | ZAR | 16,400 | 20 | 100% of SA CPI | 27% | 76% |
Brazil | Mendubim | Solar | 33% | 531 | 1,180 | USD | 430 | 20 | 100% of US CPI | 10% | 56% |
Pakistan | Sukkur | Solar | 75% | 150 | 300 | USD | 110 | 25 | None | 0% | 70% |
Release | Portfolio | Release | 100% | 26 | n.a. | USD | n.a. | n.a. | n.a. | 30% | n.a |
Philippines | Magat BESS | Storage | 50% | 20 | n.a. | USD | n.a. | n.a. | n.a. | 25% | n.a |
Backlog | |||||||||||
Tunisia | Tunisia | Solar | 51% | 360 | 900 | EUR | 240 | 20 | 100% of EU CPI | Year 0-10: 0% / Year 11+: 10% | 70% |
South Africa | REIPPPP Round 5 | Solar | 51% | 273 | 700 | ZAR | 3,300 | 20 | 100% of SA CPI | 27% | 80% |
Egypt | 100 MW green hydrogen | H2 + solar & wind | 52% | 100 + 260(10) | n.a. | USD | n.a. | 20 | n.a. | 23% | 75%(12) |
Botswana | Selebi Phikwe Solar | Solar | 100% | 60 | 140 | BWP | 640 | 25 | 60 % of Botswana CPI, 20% of BWP/USD depreciation | 22% | 70% |
Footnotes | |||||||||||
1) Scatec's equity investment in South Africa (Kalkbult, Dreunberg, Linde & Upington), Egypt and Uganda are covered by MIGA Political Risk Insurance. | |||||||||||
2) Estimated P50 production for 2022 on a 100% basis. | |||||||||||
3) P50 estimate is calculated on total potential production and do not take into account any water used for ancillary services. | |||||||||||
4) Estimated economic life for solar and wind power plants of 30 years, Philippines: renewal of license required in 2066, Uganda: hydro power facilities transferred to Government in 2042, Laos: hydropower facilities transferred to Government in 2039. | |||||||||||
5) Philippines: Power sold under 1-2 year bilateral contracts, in the spot market and as ancillary services. | |||||||||||
6) 18.5% CPI adjustment for Linde & Dreunberg, 100% for Kalkbult & Upington. | |||||||||||
7) 70% of the tariff is pegged to USD and the remaning 30 % is in EGP. | |||||||||||
8) 25 year PPA tenor for Mocuba and ASYV. Release projects have flexible lease contracts. | |||||||||||
9) Capex estimates in local currency which may be revised towards financial close. Note that actual capex can be a combination of EUR/USD and local currency. | |||||||||||
10) 100 MW electrolyser capacity + 260 MW solar and wind. The project will have a blended external financing of 75% on a non-rcourse basis. |
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Scatec ASA published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 07:28:10 UTC.