Siemens to install 100 MW of PV projects in South Africa20. November 2012 | Applications & Installations, Industry & Suppliers | By: Shem Oirere
Siemens Energy has won an EPC contract for the installation of two photovoltaic projects worth 50 MW each in South Africa.
The turnkey EPC contract for the De Aar farm in Emthanjeni, and the Droogfontein farm near Kimberley, was awarded by a consortium of renewable energy developers headed by Mainstream Renewable Power.
The other partners include Globeleq Generation Limited, Thebe Investment Corporation, Enzani Technologies and Usizo Engineering.
Overall, the consortium will invest €500 million in the two projects. Funding has been received from a syndicate of lenders led by Absa bank and Barclays. The Development Bank of Southern Africa (DBSA) is a senior lender, while a group of South Africa institutional investors have also contributed a share of the project finance.
The consortium was one of the developers that signed power purchase agreements earlier this month for the construction of photovoltaic projects worth 631.5 MW under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP).
The two photovoltaic farms are expected to be online by mid-2014.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 10955 views
- 5389 views
- 2647 views
- 2555 views
- 2456 views
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!