Name of the Project
Enel Green Power South Africa wind power projects.
Location
Eastern and Northern Cape, South Africa.
Client
Enel Green Power RSA, a subsidiary of Enel Group.
Each project is minority-owned by a local partner.
Project Description
Enel has reached financial close on five new wind farms of about 700 MW in combined capacity.
The projects were awarded in round four of the South African’s government’s Renewable Energy Independent Power Producer Procurement Programme.
The wind farms – Nxuba and Oyster Bay, in the Eastern Cape; and Garob, Karusa and Soetwater, in the Northern Cape – have a capacity of about 140 MW each.
Once operational, the five projects are expected to produce about 2.6 TWh/y, preventing the emission of about 2.7-million tonnes of carbon dioxide a year into the atmosphere.
Potential Job Creation
Not stated.
Value
The total investment is valued at about €1.2-billion, of which Enel will contribute about €230-million in equity.
The remaining €950-million will be contributed by senior lenders Nedbank and Absa.
Duration
Construction of Nxuba is expected to start by the end of 2018, with construction of Oyster Bay and Garob expected to start by the first half of 2019.
Construction of Soetwater and Karusa is expected to start in the second half of 2019.
All five wind farms are expected to be operational by 2021.
Nxuba is expected to be operational in the second half of 2020, Oyster Bay in the first half of 2021, while Garob, Soetwater and Karusa are expected to be operational in the second half of 2021.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Enel Group, tel +39 06 8305 5699, fax +39 06 8305 3771 or email ufficiostampa@enel.com.