Globeleq closes acquisiiton of four renewable assets in South Africa
Globeleq, a power sector leader in Africa, has completed the acquisition of Aries solar (11MW); Konkoonsies solar (11 MW); Soutpan solar (31 MW) and the Klipheuwel wind farm (27 MW). The company signed the deal with an affiliate of Brookfield Asset Management. Acquisition of interests in the Boshof (66 MW) solar plant is expected to close in the coming weeks.
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.
Standard Bank acted as the sole mandated underwriter and arranger of the acquisition debt facility.
Country updates
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May 29, 2019
Enel starts construction of 140 MW South African wind project
Enel, through its renewable subsidiary Enel Green Power RSA, has begun construction of its Oyster Bay wind farm, of around 140 MW, in the Kouga Local Municipality, in South Africa’s Eastern Cape...
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March 07, 2019
Orion signs renewable energy generation collaboration agreement with juwi for the 35 MW Prieska hybrid solar and wind project
Orion Minerals Ltd has signed a collaboration agreement with juwi Renewable Energies (Pty) Ltd South Africa (juwi) to investigate renewable energy generation for its flagship Prieska Zinc-Copper...
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February 26, 2019
Windlab secures investment in East African development pipeline
Windlab Limited (WND) announced an agreement for the investment of US$ 10 million by Eurus Energy Holdings Corporation into Windlab Africa Pty Ltd (WA). WA is a South African registered subsidiary of...
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February 12, 2019
Enel starts construction of 140 MW wind farm in South Africa
Enel, through its renewable subsidiary Enel Green Power RSA (EGP RSA), has begun construction of its 140 MW Nxuba wind farm in the Amatole District, making it the Group’s third wind project in S...
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February 06, 2019
ENGIE starts operations of Kathu, a 100 MW Concentrated Solar Plant
ENGIE has announced that commercial operation was achieved on 30 January 2019 for the 100 MW Kathu Solar Park in South Africa. This plant is a greenfield Concentrated Solar Power (CSP) project wi...
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