BioTherm sells controlling stake in three renewable-energy assets
South African power producer BioTherm Energy has signed an agreement to sell a 60% interest in its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) round one portfolio of operating solar and wind power plants in South Africa to global solar energy company SunEdison.
The portfolio comprised three operating assets, with a combined generation capacity of 48.5 MW, contracted under 20-year fixed-price power purchase agreements (PPAs) with State-owned power utility Eskom.
The PPAs had a weighted average contract term of 19 years.
The transaction was expected to close in the near future, subject to review from the Department of Energy and normal closing conditions.
As part of the agreement, SunEdison would assume management responsibilities for the acquired power projects beginning one year after the transaction closing date.
BioTherm’s other operations, which included developing, financing and constructing an extensive project pipeline across Africa, including its REIPPPP round four assets, as well as 74 MW of preferred bidder projects across the rest of Africa, would continue as normal.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation