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.
Energy Finance & Investment News in South Africa
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.
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.
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).
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.
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.
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.
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.
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.