Globeleq to acquire 5 solar farms and 1 wind farm in South Africa
Globeleq, an independent power producer focused in Africa, is to acquire Brookfield Asset Management's interests in a South African renewable energy portfolio, involving six projects with a cumulative capacity of 178 MW.
The agreement is subject to various closing conditions. 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. The plants have a 20-year PPA with Eskom.
Globeleq already owns, operates and manages 238MW of solar and wind projects in South Africa.
Country updates
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August 03, 2018
Enel signs US$1.1 billion financing for 700 MW wind projects in South Africa
Enel Green Power RSA, the Enel Group’s South African renewables company, has signed project financing agreements a portfolio of five new wind projects, totalling roughly 700 MW of capa...
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July 26, 2018
US$500 million wind and solar portfolio in South Africa reaches financial close
BioTherm Energy, a South African renewable energy development platform and power producer, has reached financial close on a portfolio of wind and solar projects with a combined generation capacit...
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July 24, 2018
China Development Bank lends R33.4 billion ($2.5 billion) for Kusile coal-fired power station
The South African electricity public utility Eskom has signed a CNY33.4 billion (USD2.5 billion) government-backed loan from the China Development Bank to be used for the construction o...
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July 18, 2018
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 Afric...
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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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