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.
Energy Finance & Investment News in South Africa
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.
Inspired Evolution, has successfully exited a number of its renewable energy investments held in its Evolution One Fund portfolio.
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.
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).
South Africa has released a Preliminary Information Memorandum (PIM) regarding the Liquefied Natural Gas (LNG) to Power Independent Power Producer (IPP) Procurement Programme.
Standard Bank, OPIC And Wells Fargo Sign $300 Million Facility To Support Power And Infrastructure Projects In Africa
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$300 million facility to fund power and infrastructure projects in Africa.
Aveng Limited, a multi- disciplinary construction and engineering group, anchored in South Africa, has reached an agreement for the disposal of four of its major infrastructure investments.
A 20-year power purchase agreement (PPA) that Eskom was supposed to have signed with Redstone Solar Thermal Power Project (South Africa) has been postponed until further notice.
Mainstream Renewable Power has announced that its South African 80 MW Noupoort Wind plant has achieved its Commercial Operations Date (COD) on schedule and on budget, making it the first wind plant to successfully achieve operation.
French energy group Engie has achieved financial closure for the 100-MW Kathu concentrating solar power (CSP) project in South Africa. The company has lined up ZAR 9.2 billion (US$ 610 million) in financing.
Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF) has appointed Investec Asset Management (IAM) as its US$670 million fund manager.
Chadbourne & Parke LLP has announced that energy and infrastructure lawyer Deon Govender has joined its Johannesburg office as an international partner.
The New Development Bank established by the BRICS states, Brazil, Russia, India, China and South Africa, plans to lend about US$2 billion to finance energy solar projects in India.
The International Finance Corporation (IFC), a member of the World Bank Group, has issued a green bond denominated in South African rand.
ENGIE, through its subsidiary Aurora Wind Power, has inaugurated the 94 MW West Coast One wind farm in South Africa’s Western Cape Province.
OPIC has signed $400 million commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South Africa.
South Africa’s Independent Power Producer (IPP) Office has announced that the bid deadline for the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has been delayed.
EDF Energies Nouvelles is announcing the commissioning of the Chaba wind farm in South Africa by InnoWind, its local subsidiary. To date, the group has installed two wind farms with a combined total capacity of 83 MW in the country.
The Investment Finance Corporation, a member of the World Bank, is mulling financing the 100 megawatt (MW) Redstone Solar Thermal Power project located in South Africa.