Engie invests in 100 MW Xina Solar One CSP project in Northern Cape
ENGIE has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company.
The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with Eskom (South African Electricity Public Utility).
Xina Solar One is supplying clean energy to more than 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant is located in the Northern Cape of South Africa.
Completion of the transaction is subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities.
Country updates
-
-
March 11, 2021
Gold Fields receives approval for the development of a 40 MW solar PV project in Gauteng
Gold Fields Limited (Gold Fields) has received an electricity generation license from the National Energy Regulator of South Africa (NERSA) for the construction of a 40 MW solar power p...
Read more -
January 29, 2021
Enel, Qatar Investment Authority sign joint venture agreement for 800 MW African renewables portfolio
Enel Green Power S.p.A. (EGP), signed an agreement with a subsidiary of Qatar Investment Authority (QIA) for a joint venture partnership aimed at financing, building and operating renewable projects i...
Read more -
December 02, 2020
USTDA launches tender for Expand Africa Initiatives
The U.S. Trade and Development Agency issued a call for initial proposals to expand its grant-based support for feasibility studies, technical assistance, and pilot projects that advance the U.S....
Read more -
November 30, 2020
Lekela Power commissions 140 MW Kangnas wind project in Northern Cape
The consortium of companies led by Lekela Power has commissioned the 140 MW Kangnas wind farm project located in the town of Springbok in the Nama Khoi in the municipality of Northern C...
Read more -
November 11, 2020
Enel Green Power opens 140 MW Nxuba wind project in Eastern Cape
Enel Green Power has commissioned the 140 MW Nxuba wind farm in the Eastern Cape region of South Africa. Nxuba is one of five projects awarded to Enel Green Power South Africa in the fourth round of...
Read more
