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Africa|Construction|Energy|Eskom|Financial|Infrastructure|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Services|Infrastructure|Operations
Africa|Construction|Energy|Eskom|Financial|Infrastructure|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Services|Infrastructure|Operations
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Umsinde Emoyeni Wind Farm, South Africa

Image of wind turbines and man at sunset

5th July 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Umsinde Emoyeni Wind Farm.

Location
On the border between the Northern Cape and the Western Cape provinces, near Murraysburg, South Africa.

Project Owner/s
The project consortium is led by African Clean Energy Developments and Energy Infrastructure Management Services comprising African Infrastructure Investment Managers (AIIM) renewable-energy project development, delivery and asset management platforms. Reatile Renewables is also a shareholder in the consortium.

AIIM is a division of Old Mutual Alternative Investments, which, in turn, has invested in the project through its IDEAS Fund, one of South Africa’s biggest domestic infrastructure equity funds. 

Rand Merchant Bank, a division of FirstRand Bank, is the sole mandated lead arranger for the project with Sibanye-Stillwater.

Project Description
Sibanye-Stillwater concluded its fourth renewable-energy power purchase agreement (PPA), and reached financial close for an additional 140 MW wind energy project in May 2024.

The project will supply Sibanye-Stillwater’s South African operations using the national grid through a secured wheeling agreement with State-owned power utility Eskom.

This project, together with Sibanye-Stillwater’s previously announced PPAs, brings the total dedicated capacity of renewable-energy projects in construction exclusively for Sibanye-Stillwater to 407 MW. 

This renewables capacity will allow for a 1.45-million-tonne reduction in CO2 equivalent a year from 2027, and will significantly contribute to alleviating the South African electricity crisis.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Commercial operation is scheduled for the fourth quarter of 2026.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Sibanye-Stillwater executive VP: investor relations and corporate affairs James Wellsted, cell +27 83 453 4014 or email ir@sibanyestillwater.com, 
email ir@sibanyestillwater.com.
African Clean Energy Developments and Energy Infrastructure Management Services, tel +27 21 670 1402 or email info@aced.co.za.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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