SOUTH AFRICA – Globeleq, Africa’s leading independent power company, and the majority partner in the Ikamva Consortium, has been selected to contribute more clean and renewable wind and solar projects across the country.
The six wind and six solar PV projects will total 1,274 MW of generation capacity adding to Globeleq’s nine majority owned and operated wind and solar assets in Africa, which have a total capacity of 450 MW.
Globeleq and its partners in the Ikamva Consortium were named by South Africa’s Department of Minerals, Resources and Energy (DMRE) as Preferred Bidder for 12 of the 25 projects chosen in South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) 5th bidding round.
Alongside of Globeleq, the Ikamva Consortium includes Mainstream Renewable Power, Africa Rainbow Energy & Power (AREP) and H1 Holdings and comprises more than 45 % of black ownership.
The DMRE indicated that all 25 projects will inject a total of around R50 billion into the economy through private sector investment and will create more than 13,000 job opportunities.
“We are thrilled to hear the news. Our strong track record in delivering and operating quality power projects, combined with all our Consortium partners expertise, sees us playing a significant role in the country’s path to a cleaner energy future,” CEO, Mike Scholey, said.
The projects awarded include three wind projects in the Northern Cape: two wind projects in the Western Cape and the first wind project in the KwaZulu-Natal province.
The solar projects are all located in the Free State province which has not yet seen any renewable projects constructed as part of the REIPPP Programme.
“The Consortium has assembled world class local and international partners to achieve a competitive position for these projects,” Jonathan Hoffman, Chief Development Officer for Globeleq, and based in Cape Town said.
“Our consortium has focused on delivering a competitive tariff, and significant shareholding and participation by BEE groups.
“Through Globeleq’s operational wind and solar projects and these new projects in South Africa, we continue to support the Government’s sustainable energy future and create shared value for all stakeholders.”
This comes weeks after Globeq completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt.
The ARC plant was developed by the SECI Energia, Enerray and Desert Technologies consortium as part of the second round of the Egyptian government’s feed-in-tariff program and achieved commercial operation on 4 November 2019 and provides clean electricity to the Egyptian Electricity and Transmission Company (EETC) under a 25-year power purchase agreement.
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