https://www.engineeringnews.co.za

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

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.071 1.236s - 122pq - 2rq
Subscribe Now