The three projects are part of the Government of South Africa’s Renewable Energy IPP Procurement Program and are among the very first large scale renewable power plants to be built in the country. Globeleq is the majority shareholder in a consortium comprised of Mainstream Renewable Power, Thebe Investment Corporation, engineering firms Enzani Technologies and Usizo Engineering and local community trusts. Old Mutual is an additional consortium member in the Jeffreys Bay wind farm.
Paul Kunert, head of business development for Africa says, “These renewable energy projects add to Globeleq’s extensive African power generation portfolio and illustrate our ability to mobilise capital for sustainable and productive power generation investments.”
During construction, the projects are expected to generate hundreds of jobs and, once operational, the project revenues will benefit the local community through socio-economic and enterprise development programmes. Each year the projects are expected to supply enough renewable electricity to power more than 156,000 homes, displacing over 580,000 tonnes of carbon emissions each year. The two 50 MW solar projects will be constructed by Siemens under a lump-sum turnkey EPC contract. The Jeffreys Bay wind farm will be constructed by Siemens and a South African consortium of Murray & Roberts and Conco. Construction will be jointly managed across all three projects by Mainstream and Globeleq.
