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Energy Finance & Investment News in South Africa

IPPToday #259: Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa

IPPToday #259: Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa

🕔Aug 3, 2018

Enel Green Power RSA, the Enel Group’s South African renewables company, has signed project financing agreements a portfolio of five new wind projects, totalling roughly 700 MW of capacity.

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IPPToday #254: US$500 million wind and solar portfolio in South Africa reaches financial close

IPPToday #254: US$500 million wind and solar portfolio in South Africa reaches financial close

🕔Jul 26, 2018

BioTherm Energy, a South African renewable energy development platform and power producer, has reached financial close on a portfolio of wind and solar projects with a combined generation capacity of 284 MW. The total development cost of the portfolio is approximately US$500 million.

 

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IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

IPPToday #227: Mainstream achieves financial close of US$520 million wind farms in South Africa

🕔Jun 6, 2018

Mainstream Renewable Power has announced the successful completion of financial close for two wind projects in South Africa: the 140 MW Kangnas wind farm, located near Springbok in the Northern Cape, and the 110 MW Perdekraal East wind farm, located 80km northeast of Ceres, in the Western Cape.

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IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

IPPToday #225: South Africa to procure 1.8 GW renewable projects in November

🕔Jun 4, 2018

The Energy Minister of South Africa, Jeff Radebe, has announced that the fifth bidding round of the country's Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) will be launched in November 2018. The tender will procure up to 1.8 GW renewable capacity.

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Enertrag acquires 50% stake in 1.8 GW wind portfolio in South Africa

Enertrag acquires 50% stake in 1.8 GW wind portfolio in South Africa

🕔Apr 20, 2018

ENERTRAG has announced that it has acquired a 50% stake in a 1.8 GW wind power pipeline in South Africa. It will partner with Genesis Eco-Energy Developments (GEED) to develop the projects, some of which are already at an advanced stage of development.

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Financial close for 25 MW biomass project in South Africa

Financial close for 25 MW biomass project in South Africa

🕔Apr 18, 2018

Sappi and Fusion Energy have reached financial close on the 25 MW Ngodwana Energy Biomass Project, the first biomass project procured under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

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IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

IPPToday #189: Scatec Solar signs US$400 million solar projects in South Africa

🕔Apr 10, 2018

Scatec Solar has announced that it has signed all project documents with its partners and shortly expects to achieve financial close for three solar PV plants to be located in Upington, South Africa with a total generation capacity of 258 MW.

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IPPToday #186: South Africa signs PPAs for 2,300 MW renewable projects

IPPToday #186: South Africa signs PPAs for 2,300 MW renewable projects

🕔Apr 5, 2018

South Africa's Minister of Energy has announced the signing of power purchase agreements (PPAs) for 27 projects procured under rounds 3.5 and 4 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP). This is the biggest IPP procurement by the Department of Energy to date, representing a total of ZAR56 billion (US$4.7 billion) of investment and over 2300 MW of generation capacity to be added to the grid over the next five years.

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IPPToday #175: Legal challenge delays signing of US$4.7 billion renewable projects in South Africa

IPPToday #175: Legal challenge delays signing of US$4.7 billion renewable projects in South Africa

🕔Mar 15, 2018

The government of South Africa has delayed the much-anticipated signing of 27 PPA contracts under the country's renewable independent power producer procurement programme (REIPPPP) following a legal objection issued by the National Union of Metalworkers of South Africa (Numsa) and Transform RSA.

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IPPToday #50: Eskom to sign South African PPAs by the end of October

IPPToday #50: Eskom to sign South African PPAs by the end of October

🕔Sep 4, 2017

The Government of South Africa has announced that Eskom must sign the independent power producer (IPP) power purchase agreements (PPAs) by the end of October

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Enel Green Power signs €160 million loan for wind farm in South Africa

Enel Green Power signs €160 million loan for wind farm in South Africa

🕔Apr 4, 2017

Enel Green Power SpA, acting through its wholly-owned subsidiary Enel Green Power RSA (Pty) Ltd, has signed a loan agreement for a total of 2,100 million South African rand (equal to about €160 million) with KfW IPEX-Bank to finance the Gibson Bay wind farm.

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Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

Inspired Evolution exits renewable investments and is on track to raise $250m Evolution II

🕔Feb 1, 2017

Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.

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Gaia Infrastructure acquires stake in 98 MW wind park in South Africa

Gaia Infrastructure acquires stake in 98 MW wind park in South Africa

🕔Jan 31, 2017

Gaia Infrastructure Capital Limited has announced that the company’s listing has transferred from a SPAC (Special Purpose Acquisition Company) to the Investment Services sector of the JSE Limited.

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Preferred bidders in place for South African coal power IPPs

Preferred bidders in place for South African coal power IPPs

🕔Oct 17, 2016

South African Government has announced  the selection of preferred bidders for the 557.3 MW Thabametsi and the 306 MW Khanyisacoal-fired power station projects following the first bid of South Africa’s Coal Baseload Independent Power Producer Procurement Programme (CBIPPPP).

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South Africa releases PIM for LNG to IPP Procurement Programme

South Africa releases PIM for LNG to IPP Procurement Programme

🕔Oct 17, 2016

South Africa has released a Preliminary Information Memorandum (PIM) regarding the Liquefied Natural Gas (LNG) to Power Independent Power Producer (IPP) Procurement Programme.

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Standard Bank, OPIC And Wells Fargo Sign $300 Million Facility To Support Power And Infrastructure Projects In Africa

Standard Bank, OPIC And Wells Fargo Sign $300 Million Facility To Support Power And Infrastructure Projects In Africa

🕔Sep 26, 2016

Standard Bank of South Africa (SBSA), the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and Wells Fargo Bank have announced a US$300 million facility to fund power and infrastructure projects in Africa.

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Aveng announces disposal of 4 infrastructure projects

Aveng announces disposal of 4 infrastructure projects

🕔Aug 30, 2016

Aveng Limited, a multi- disciplinary construction and engineering group, anchored in South Africa​, has reached an agreement for the disposal of four of its major infrastructure investments.

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Eskom postpones a 20-year PPA with Redstone Solar Thermal Power until further notice

Eskom postpones a 20-year PPA with Redstone Solar Thermal Power until further notice

🕔Aug 5, 2016

A 20-year power purchase agreement (PPA) that Eskom was supposed to have signed with Redstone Solar Thermal Power Project (South Africa) has been postponed until further notice.

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Noupoort wind plant project to reach Commercial Operations Date

Noupoort wind plant project to reach Commercial Operations Date

🕔Jul 20, 2016

Mainstream Renewable Power has announced that its South African 80 MW Noupoort Wind plant has achieved its Commercial Operations Date (COD) on schedule and on budget, making it the first wind plant to successfully achieve operation.

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Engie secures financing for Kathu CSP plant in SA

Engie secures financing for Kathu CSP plant in SA

🕔Jun 6, 2016

French energy group Engie has achieved financial closure for the 100-MW Kathu concentrating solar power (CSP) project in South Africa. The company has lined up ZAR 9.2 billion (US$ 610 million) in financing.

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