https://www.engineeringnews.co.za
Energy|Eskom|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|Operations
Energy|Eskom|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|Operations
energy|eskom|power|project|projects|renewable-energy|renewable-energy-company|solar|operations

Globeleq acquires Brookfield’s South African renewables portfolio

18th July 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

Globeleq has entered into an agreement with an affiliate of Brookfield Asset Management to acquire Brookfield’s interest in its South African renewable energy portfolio.  

The agreement is subject to various closing conditions and, once fulfilled, will give Globeleq a majority shareholding in six renewable projects totaling 178 MW, as well as ownership of Brookfield’s South African asset management company.  

“Our team is working hard to complete this very exciting transaction.  The expertise of our South African team will be able to enhance these assets by driving operational improvements and improve the existing social and economic development programmes,” Globeleq CEO Paul Hanrahan said in a statement on Wednesday.

The six projects include the 11 MW Aries, 66 MW Boshoff, 11 MW Konkoonsies, 31 MW Soutpan and 33 MW Witkop solar projects, as well as the 27 MW Klipheuwel wind farm.

The project were built under rounds one and two of the South African government’s Renewable Energy Independent Power Producer Procurement Programme and reached commercial operations in 2014. 

All plants have a 20-year power purchase agreement with State-owned Eskom. 

Edited by Creamer Media Reporter

Comments

Showroom

Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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:0.125 0.192s - 162pq - 2rq
Subscribe Now