Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

South Africa

South Africa

Mainstream wins 360MW South Africa contracts

SOUTH AFRICA: A consortium led by Mainstream Renewable Power has emerged the big winner in the South Africa's latest renewable energy, being awarded contracts to build three wind farms in South Africa amounting to 360MW.

Another Mainstream-led consortium is constructing the Jeffrey Bay wind farm in South Africa
Another Mainstream-led consortium is constructing the Jeffrey Bay wind farm in South Africa

The group was given preferred bidder status by the Department of Energy under the third round of the government's renewable energy procurement programme.

The three projects are the 140MW Khobab wind farm, the140MW Loeriesfontein 2 project and the 80MW Noupoort plant, all located in the Northern Cape.

In total, 787MW worth of wind contracts were handed out in the thrid-round auction. The Department of Energy said that of the 93 bids that were received, including for the 450MW of solar projects up for grabs, 17 of which were selected as preferred bidders.

South African firm Red Cap Investments also said it has been awarded preferred bidder status for its 110MW Gibson Bay Wind Farm, which will be developed with a local partner.

The names of the other succesful bidders have not yet been released.

Mainstream will be partnered in the project by South African investment firm Thebe Investment Corporation, Old Mutual's IDEAS Managed Fund, development investor Futuregrowth Asset Management, and South African renewable energy firm Genesis Eco-Energy.

Another Mainstream-led consortium was awarded 238MW of contracts in the first round of the programme in 2011, with the three projects, including the 138MW Jeffreys Bay wind farm, expected online in 2014.

In August, Japanese trading company Marubeni bought a 25% stake in the Irish developer as part of a move to bolster its presence in emerging markets, largely focussed on Chile and South Africa.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Only [DAYS_LEFT] days Subscribe Now

Left of your Windpower Monthly free trial

Your free trial Subscribe Now

to Windpower Monthly has expired

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs