IPP Globeleq Signs PPAs for 450 MW Solar Power in South Africa

• The close happened for 6 projects under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
• Globeleq, the Africa-focused independent power producer (IPP)-- is majority partner in the Ikamva Consortium, that was awarded preferred bidder by the DMRE.

Globeleq, the key partner in the Ikamva Consortium, has claimed that it has actually gotten to lawful close on 6 solar power projects under South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The solar projects complete to 450 MW in capacity.

Globeleq, the Africa-focused independent power producer (IPP)-- is majority partner in the Ikamva Consortium. Together with wind and solar developer Mainstream Renewable Power, Globeleq is leading the consortium.

The resulting the legal close methods that the power purchase agreements (PPAs) with South African electrical power public utility Eskom, as well as the application agreements with the Department of Mineral Resources and also Power (DMRE), now stand inked. The Ikamva Consortium from here will strive for the growth of the renewable energy projects and relocate them to commercial close.

As per reports, the advancement of the renewable energy projects will certainly begin in 2023, which is following year. The solar energy projects under the plan of points are expected to produce power in 2025.

In October 2021, the Department of Mineral Resources and Power (DMRE) awarded Preferred Bidder standing to the consortium. The official statement by Globeleq held that the project will see the growth of six 75-MW solar power projects. All of the projects lie in the Free State Province. They will certainly also be the largest renewable energy projects in the South African province to date.

The 6 solar projects belong to a 1.27-GW solar and wind portfolio. The projects concerned are Kentani, Leliehoek, Klipfontein, Klipfontein 2, Braklaagte and Sonoblomo. Every one of the projects will attract a financial investment of regarding $524 million, claimed Mainstream Renewable Power.

Mike Scholey, Chief Executive Officer (CEO), Globeleq, stated, "Africa's solar capacity is enormous, and we commend the Government of South Africa for remaining to push the sustainable schedule to offer clean and also stable electricity to the grid and also support the country's decarbonization as well as renewable energy targets."