The two projects were awarded to Globeleq 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 under South Africas Renewable Energy IPP Procurement Program.
Siemens will construct the De Aar farm in Emthanjeni, and the Droogfontein farm near Kimberley, under a lump-sum turnkey EPC contract. Suntech, meanwhile, will deliver the necessary photovoltaic modules. The 100 MWs are expected to be online by mid-2014.
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.
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