TerniEnergia signs 148.5 MW PV deal in South Africa

Italian turnkey energy provider TerniEnergia has signed a contract to engineer, procure and construct (EPC) two solar PV plants in South Africa with a combined capacity of 148.5 MW.

TerniEnergia Projects PTY Ltd, a South Africa subsidiary of TerniEnergia, will oversee the developments of the projects – a 82.5 MW solar plant in Paleisheuwel, and a 66 MW solar park in Tom Burke, for a combined investment of approximately $197 million.

Construction of the plants will begin later this, with TerniEnergia having secured financing via the Italian institution of Ordinary Earnings Supplement Fund and the South African government’s Department of Energy. Originally the projects had been penciled in to begin construction in August, but legal red tape has pushed that date back a few more months, TerniEnergia said.

The company will also supply all solar modules and inverters for the projects, as well as providing operations and maintenance for the plants’ 25-year lifecycle.

TerniEnergia first expanded into the South African solar market in late 2012 with the development of a 9.5 MW PV plant near Cape Town. The company is eyeing the realization of a 280 MW PV pipeline in South Africa over the coming few years.