South Africa Secures 975 MW of Solar Energy PPAs in fifth Tender
- The PPAs are authorized under the ongoing Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
The PPAs were tattooed for 13 renewable energy projects under the fifth round of the project.
South Africa appears to be obtaining rate on renewables. The nation has authorized power acquisition agreements (PPAs) for a capacity of 975 MW of renewable energy projects under the ongoing Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
The official statement of the government read, "Bid Window 6 requested for new generation capacity of 4,200 MW, of which 1,000 MW solar and also 3,200 MW wind." The nation has actually likewise awarded preferred prospective buyer conditions for an additional 860 MW under the REIPPPP Bid Window 6.
In addition to other applicable agreements, the PPAs were inked for 13 renewable energy projects under the fifth round of the project. All projects signed are solar photovoltaic based. The tendering was done in April 2021. At the same time, 25 projects were picked with preferred-bidder standing for an integrated capacity of 2,583 MW.
The federal government has declared that until now, power acquisition agreements have been secured for 19 out of the 25 wind energy as well as solar power plans. The aggregate capacity for the projects whose PPAs are signed concerns 1,759 MW. The agreements were signed in Centurion.
South Africa authorized PPAs for three projects of 273 MW capacity by Norwegian firm Scatec, French renewable player Engie likewise signed three PPAs in association with Pele Green, Total Mulilo signed one PPA and Ikamva Consortium authorized six PPAs for 450 MW of capacity. The Ikamva Consortium is led by Mainstream Renewable Power as well as Globeleq, Africa-focused independent power producer (IPP).
The federal government claimed that once all Conditions Precedent (CPs) have actually been satisfied and projects have actually reached commercial as well as monetary close, they will enter into the building and construction period which is anticipated to be 24 months. The new generation capacity must therefore be on-line from 2025. All the schemes awarded demand a total investment of ZAR 12.1 billion.