https://www.engineeringnews.co.za

BioTherm sells controlling stake in three renewable-energy assets

26th May 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.11s - 158pq - 2rq
Subscribe Now