Name and Location
Mainstream Renewable Power wind projects, Northern Cape, South Africa.

Client
A consortium led by global wind and solar company Mainstream Renewable Power.

The equity members of the consortium include Thebe Investment Corporation; the IDEAS Managed Fund, managed by Old Mutual Investment Group; Futuregrowth Asset Management; Genesis Eco-Energy in partnership with Lereko Metier Sustainable Capital; Mainstream Renewable Power and local community members.

Project Description
Mainstream Renewable Power was awarded preferred bidder status under the third round of the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme in October 2013 for three large-scale wind energy projects, in the Northern Cape, with a combined generation capacity of 360 MW.

The wind farms awarded were the 140 MW Khobab wind farm and the 140 MW Loeriesfontein 2 wind farm, both in the district municipality of Namakwa, in the Northern Cape; and the 80 MW Noupoort wind farm, in the local municipality of Umsobomvu.

Value
The projects represent an investment of about R9-billion.

Duration
The projects are expected to reach financial close by August and start construction shortly thereafter.

Latest Developments
The debt for the projects has been arranged and underwritten by Barclays, the Development Bank of Southern Africa and EKF, the Danish export credit agency.

Key Contracts and Suppliers
Barclays, Development Bank of Southern Africa and EKF (debt).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Mainstream Renewable Energy project manager for Khobab and Loeriesfontein, Eugene Marais,
email eugene.marais@mainstreamrp.com
Mainstream Renewable Energy project manager for Noupoort, Heine Reyneke, email hein.reyneke@mainstreamrp.com.