Globeleq, Brookfield enter agreement for the sale of six African renewable projects
Globeleq, a power sector leader in Africa, and an affiliate of Brookfield Asset Management have reached a definitive agreement whereby Globeleq acquires Brookfield’s interests in its South African renewable energy portfolio. The agreement is subject to various closing conditions and once fulfilled, will give Globeleq a majority shareholding in six renewable projects totaling 178 MWs, as well as ownership in Brookfield’s South African asset management company.
The assets include five solar assets: Aries (11MW), Boshoff (66MW); Konkoonsies (11 MW); Soutpan (31 MW), and Witkop (33 MW) and the Klipheuwel wind farm (27 MW). The six projects were part of rounds 1 and 2 of the South African Government’s renewable energy programme and reached commercial operations in 2014. All plants have a 20-year power purchase agreement with Eskom.
Country updates
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July 16, 2018
Central Energy Fund of South Africa will invest in the project
Central Energy Fund of South Africa will invest in the project. The investment will be made under a cooperation agreement between the fund and ACWA Power. Under its terms, the two parties will co-inve...
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July 11, 2018
Siemens has announced order to equip the project
Siemens has announced order to equip the project. Turbine deliveries are expected to start early next year, while commissioning of the parks is scheduled for 2020. A 10-year service agreement for the...
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July 11, 2018
Siemens has announced that it has been selected to supply turbines for the project
Siemens has announced that it has been selected to supply turbines for the project. Deliveries are expected to start early next year, while commissioning of the park is scheduled for 2020. A 10-year s...
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July 04, 2018
Garob wind farm has been connected to the grid
The 138 MW Garob wind facility has started distributing power in the grid. The scheme is built in the Northern Cape Province of South Africa. It is part of a two-wind-farm energy supply contract....
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June 06, 2018
Mainstream achieves financial close of US$520 million wind farms in South Africa
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...
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