Lyra Energy has signed power purchase agreements (PPAs) with three unnamed commercial and industrial customers for a significant share of the power generated from the Thakadu solar project in South Africa. The 255 MW project will be developed in two phases, with financial close and construction of the first phase expected in the first quarter of 2026. The second phase of the project is scheduled within 2026 as well
Scatec will deliver engineering, procurement, and construction, along with asset management and operations and maintenance services for the project. Furthermore, details related to capital expenditure, financing structure, and the scope of EPC responsibilities are expected to be disclosed at financial close. Lyra Energy operates as a partnership between Scatec, Standard Bank, and Stanlib, with Scatec holding a 50 per cent stake and the remaining share owned by its other partners.
In February 2026, Scatec reached financial close and began construction of its 190 MW Dobrun & Sadova solar portfolio in Romania. The projects, awarded in Romania’s first Contract-for-Difference (CfD) auction, are backed by a 15-year CfD with Opcom, covering about 70 per cent of expected generation. The remaining output will be sold in Romania’s wholesale electricity market.
