AMEA Power, Greenco sign PPA for 85 MW solar PV project in North West Province
AMEA Power has secured a 25-year Power Purchase Agreement (PPA) with GreenCo Power Services for their 85 MW solar photovoltaic (PV) power project located in the North West Province in South Africa.
GreenCo is a private energy trader and member of the Southern African Power Pool, and the energy offtake from the plant will be sold to the company. The construction of the facility will be financed by Standard Bank of South Africa, and the PPA was signed in the presence of high-level officials from the United Arab Emirates and the Republic of South Africa.
Located in South Africa's North West Province, the solar plant is expected to reach a financial close during Q3 of 2023 and is set to commence construction soon after. Its completion is meant to help mitigate the current electricity crisis that affects businesses, households, and the economy as a whole. The solar power plant is predicted to start delivering clean energy to the national grid in early 2025, with an estimated yearly production capacity of about 220 GWh.
Country updates
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