R2bn Kouga wind farm officially opened
The R2-billion Kouga wind farm, located at Oyster Bay in the Eastern Cape, was officially opened on Friday by Economic Development, Environmental Affairs and Tourism MEC Sakhumzi Somyo.
The power plant, which entered commercial operations earlier this year, incorporates 32 Nordex turbines and is expected to produce 300 GWh of electricity yearly.
The 80 MW project was selected following the first bid window of the South African government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Following four REIPPPP bid windows, 92 renewables projects, with a nominal capacity of 6 243 MW, have been procured and bidding for a so-called “expedited” round to procure a further 1 800 MW will close on October 1.
The Kouga project was supported by local and international investors, including STANLIB Asset Management, Evolution One Fund, Red Cap Investments, Eurocape Renewables, Afri-Coast Engineers and a local community trust financed by the Industrial Development Corporation (IDC). The Kouga Wind Farm Community Development Trust holds a 26% shareholding.
The investors secured long-term debt funding of about R1.6-billion for the project from Standard Bank, Nedbank, Liberty, Mergence and the IDC.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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