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Financial closure for round 2 REIPPP in South Africa

14 May 2013 – South Africa’s renewable energy independent power producer programme (REIPPP) round two has reached financial closure with 19 projects achieving this milestone on May 9th 2013. These projects which should see a capital investment of R28 million comprise wind, solar and small hydro projects totalling 1,043.9 MW.

There are nine solar photovoltaic (PV) projects totalling 417.1 MW, seven wind projects totalling 562.5 MW, one concentrated solar project (CSP) of 50 MW, and two small hydroelectric projects totalling 14.3 MW.

The average tariff prices for the PV projects fell to 165c/kWh from the 275c/kWh of round 1. The average prices for the wind projects in round two fell from 114c/kWh to 89c/kWh. The CSP project came in at a price of 251c/kWh.

The second round follows the first REIPPP round of renewable energy projects being implemented in South Africa where 28 projects representing 1,416 MW are under construction.

The date for the submission of bids for the third round of REIPPP projects currently is the 19th of August 2013.