Strategic View:
Scatec and its JV platform Lyra Energy sign a major private sector PPA for a 255MW solar plant. The deal involves wheeling power across the national grid to corporate offtakers, bypassing the state utility bottleneck.
Full Story:
Scatec’s South African joint venture, Lyra Energy, announced a breakthrough on February 15, 2026. The platform secured a private wheeling agreement for a 255MW solar facility. This is a “Commercial Club Deal” where the project is bankable not because of a government guarantee, but because of a syndicate of private corporate buyers.
The Lyra platform itself is a club deal between Scatec and institutional investors, designed to fund the deregulation of South Africa’s energy market. By selling directly to private companies, Lyra mitigates the counterparty risk associated with Eskom, the state utility.
Why It Matters Summary:
This is the future of emerging market energy: Private-to-Private (P2P) power. The “Aggregation” of corporate demand allows developers to finance utility-scale projects without sovereign debt guarantees.
Source:
Scatec Press Release
