May 21, 2012
Bank pleased with its share of R28bn renewables projectsBack
Africa|Hydropower|Nedbank Capital|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|South Africa|Energy|Renewable Energy Developers|Dipuo Peters|Infrastructure|Mike Peo|Power
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Energy Minister Dipuo Peters identified one concentrated solar power project, as well as nine solar photovoltaic, seven onshore wind and two small hydropower projects as preferred bidders, following the conclusion of a process that involved the evaluation of 79 bids submitted by the March 5 deadline.
Collectively, the projects represented nearly R28-billion in private capital projects and they follow on from the 28 preferred bidders names in December, whose solar and wind projects represented a combined R46-billion in potential direct investments into South Africa’s nascent renewables sector.
The current request for proposals, which had been broken into a number of bidding widows, was for the procurement of 3 725 MW of capacity to be introduced to the South African grid between 2014 and 2016.
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