Gestamp steps up South African solar activities10. May 2012 | Applications & Installations, Industry & Suppliers | By: Becky Stuart
Gestamp Renewable Industries has announced new joint ventures between two of its business divisions, and unnamed South African industrial partners. The company has also unveiled its plans to start work on the photovoltaic plants awarded to it under the first round of South Africa’s IPP program.
Gestamp Solar Steel has said it will establish a 350 megawatt (MW) steel structure manufacturing facility in the Johannesburg area, for both photovoltaic and concentrated solar power technologies. A workforce of 115 will also be hired. Meanwhile, Gestamp Wind Steel will erect a steel wind towers facility in Cape Town.
According to a statement released, both facilities will be up and running by the end of 2012. They are intended to supply steel components to the first round of preferred bidder renewable energy projects, and have been established in response to local content requirements devised under the country’s independent power producer (IPP) plan.
Both Gestamp Solar and Gestamp Wind will also begin work on the projects awarded to them under the first round of the IPP program. Gestamp Solar will install two photovoltaic projects, worth 18 MW and 12 MW, respectively. They will be located on the Northern Cape and will involve an investment of around 1 billion rand (approximately €96.1 million; US$124.3 million). They are expected to be operational in 2013.
Commenting, Javier Imáz, CEO of Gestamp Renewable Industries said, "With these investments, Gestamp Renewable Industries reinforces its intentions to make South Africa a key market in its global strategy."
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
Opinion & analysis
Read our new guest article on India's new solar policies from NPD Solarbuzz.
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!