While the parties involved are not at liberty to divulge project information, due to a confidentiality agreement, pv magazine has been told that South Africa is currently engaged in a procurement process under which bidding for 1,450 MW worth of solar projects, for the period 2012 to 2015, is currently taking place.
Work is expected to commence on the successful projects in the second half of 2012. Furthermore, all parties accepted under this renewable energy feed-in tariff (REFIT) program will enter into a power purchase agreement with South African national electricity distributor, Eskom.
According to Moncada, the 360 MW project will attract an investment sum of 600 million.
Solar Capitals pipeline
In related news, Solar Capital has said that it has a photovoltaic pipeline worth around one gigawatt. A spokesperson for the company told pv magazine that, subject to successful participation in future bidding processes, it will comprise approximately 12 solar farms, worth 70 MW each.
Although no equipment suppliers have yet been secured, some of the plants have already received their environmental impact approvals. In terms of location, no specifics were mentioned, however, the spokesperson did say that solar irradiation in South Africas Northern Cape is favorable.