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Redstone CSP reaches financial close, to start commercial operations in late 2023

By: Schalk Burger     28th May 2021 Saudi energy generation and desalination company Acwa Power says construction has started on the 100 MW Redstone concentrated solar power (CSP) project after achieving financial close on the R11.6-billion project. Acwa, which is the lead shareholder in Redstone expects commercial operations to... →

IDC highlights role in Redstone CSP project

By: Tasneem Bulbulia     21st May 2021 The 100 MW Redstone concentrated solar power (CSP) project demonstrates that South Africa is using modern technologies, including renewables, as it transitions to adopting clean sources of energy, says Industrial Development Corporation (IDC) CEO TP Nchocho. After having recently reached... →

Redstone concentrated solar power plant, South Africa – update

By: Sheila Barradas     14th May 2021 Construction has started after financial close was achieved on the R11.6-billion project. →

Redstone CSP reaches financial close, to start commercial operations in late 2023

By: Schalk Burger     10th May 2021 Saudi energy generation and desalination company Acwa Power says construction has started on the 100 MW Redstone concentrated solar power (CSP) project after achieving financial close on the R11.6-billion project. Acwa, which is the lead shareholder in Redstone expects commercial operations to... →

Redstone concentrated solar power plant, South Africa

By: Sheila Barradas     4th September 2020 The Acwa Power SolarReserve Redstone Solar Thermal Power Plant consortium plans to build and operate a concentrated solar thermal power plant with associated infrastructure and services to generate renewable electricity for the national power grid, in Postmasburg, near Kimberley, in the Northern... →

RMB partners with black-owned renewable energy company, Pele Green Energy

Refinancing existing equity enables business growth Clean energy is not only an important and growing sector for the South African economy, but one that is fertile for the entry of black-owned businesses. →

Investec backs Pele Green Energy to expand in wind and solar

By: Bloomberg     9th June 2020 Pele Green Energy plans to expand its wind and solar projects in Africa after raising capital with the help of Investec, a South African and UK specialist bank. The first round of financing was arranged through a preference-share funding arrangement that will invest in project equity and working... →

Africa can develop on low-carbon growth path

By: Tracy Hancock     20th March 2020 Choosing between a low-carbon future and Africa’s economic growth is a false dichotomy, as these goals do not need to be in competition, says independent power producer Pele Energy Group founder Fumani Mthembi, a speaker at this year’s Power & Electricity World Africa. “The global investment... →

Success of renewables programme continues

By: Darren Parker     13th December 2019 Over the past eight years, the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has attracted about R209.4-billion in committed private-sector investment, with the successful fourth window bids being valued at about R56-billion. South African companies, such as... →

Renewable grids present investment opportunity

By: Paige Müller     15th February 2019 The recent trend towards the development of renewable energy, including those based on smart grids and microgrids in Africa, has encouraged the establishment of a new renewable energy equity fund. With the Africa Energy Indaba set to take place from February 19 to 20 at the Sandton Convention... →

Enel Green Power reaches financial close on five new wind farms

By: Simone Liedtke     1st August 2018 Enel Global Renewable Energies’ Enel Green Power (EGP) division, in Southern Africa, has reached financial close on five new wind farms with about 700 MW in capacity. The five wind farms – Nxuba and Oyster Bay, in the Eastern Cape, and Garob, Karusa and Soetwater, in the Northern Cape – have a... →

Redstone concentrated solar thermal power plant, South Africa

By: Sheila Barradas     20th July 2018 Acwa Power has signed an investment agreement with South Africa’s Central Energy Fund regarding the project. →

Renewables programme has been central to black-owned energy group’s growth

By: Terence Creamer     18th May 2018 Black-owned and managed independent power producer (IPP) Pele Green Energy (PGE), which is an active owner and partner in wind and solar projects with a combined capacity of 900 MW, does not agree with prevailing arguments that South Africa’s IPP programmes are failing to deliver on South... →

Black-owned energy group disputes notion that renewables programme is anti-transformation

By: Terence Creamer     4th May 2018 Black-owned and managed independent power producer (IPP) Pele Green Energy (PGE), which is an active owner and partner in wind and solar projects with a combined capacity of 900 MW, does not agree with prevailing arguments that South Africa’s IPP programmes are failing to deliver on South... →

CPV plant’s success contributes to economic growth

By: Tasneem Bulbulia     15th December 2017 Being the only concentrated photovoltaic (CPV) power plant of its kind in South Africa currently, independent power producer Pele Energy Group senior asset manager Ziska Mc Gilton says the 36 MW ac Touwsrivier CPV project is continuously providing economic upliftment and support for surrounding... →

Hulisani invests in global wind tower producer

By: Natasha Odendaal     21st July 2017 JSE-listed Hulisani has structured an investment path into wind towers producer GRI Wind Steel South Africa through a R82.5-million deal, marking Hulisani’s move “down the renewable-energy value chain”. The investment holding company provided preference share funding to Pele Green Energy (PGE)... →

US agency awards grant to SA IPP for Free State solar study

By: Mia Breytenbach     2nd June 2017 The US Trade and Development Agency (USTDA) has awarded a grant to Johannesburg-based independent power developer Pele Green Energy. The grant will fund a feasibility study to assess the viability of a 75 MW solar photovoltaic (PV) power plant, in the Free State. US Consul General of Cape Town... →

US awards grant to SA renewable energy company

By: African News Agency      19th May 2017 The US Trade and Development Agency has awarded a grant to Pele Green Energy, a South African independent power developer based in Johannesburg. Wednesday’s grant funds a feasibility study to assess the viability of a 75 MW solar photovoltaic power plant in the Free State province of South... →

Renewables sector welcomes Presidency’s support of renewables

By: Anine Kilian     10th February 2017 The South African Renewable Energy Council (Sarec) has welcomed the Presidency’s clear support for the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). During his State of the Nation address on Thursday night, President Jacob Zuma announced that State-owned... →

Amid worries over IPP-programme credibility, Eskom says issues being resolved

By: Terence Creamer     31st August 2016 A South African solar industry body has warned that the credibility of the country’s much-vaunted Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is being threatened by ongoing delays to the programme, as well as uncertainty over Eskom’s willingness to conclude power... →

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