Scatec told investors on Friday that it expects to sell shares for NKr28-36 each, with trading to commence on 29 September.

Bookbuilding for the initial public offering will kick off on 15 September.

Scatec, which has more than 100MW of operational PV capacity in South Africa, expects to raise NKr714m selling existing shares, and another NKr500m by issuing new shares.

Scatec’s biggest claim to fame to date is developing and building the 75MW Kalkbult, the first and largest utility-scale PV project to reach completion under South Africa’s renewables programme.

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