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Search Results for "pele green energy"

NBI launches pragmatic Just Energy Transition Skilling for Employment Programme
30th April 2024 By: Marleny Arnoldi

With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the Presidency’s JET project management unit (JET PMU) and Boston Consulting Group, have launched the JET... 


EDF Renewables, partners building 1.2 GW of low-carbon power capacity
26th April 2024 By: Darren Parker

EDF Renewables is currently leading the construction of almost 1.2 GW of low-carbon power generation capacity in South Africa, comprised of 763 MW of wind power, 355 MW of solar photovoltaic (PV) and 75 MW of battery storage. This new build programme comprises eight sites across the Northern and... 


Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision
22nd March 2024 By: Terence Creamer

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering R2.5-billion Sithala facility concluded in November with Nedbank, Norfund and the Industrial... 


Project finance clinched for 520 MW South African wind, solar projects – Anglo
15th March 2024 By: Martin Creamer

Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has completed the project financing for its first three wind and solar projects in South Africa. The terms... 


Pele Green Energy looking beyond R2.5bn funding innovation as it hastens towards ‘South African IPP’ vision
7th March 2024 By: Terence Creamer

Following its recent success in securing new public and private power purchase agreements, Pele Green Energy (PGE) is already having to consider additional funding options beyond the pioneering R2.5-billion Sithala facility concluded in November with Nedbank, Norfund and the Industrial... 


Project finance clinched for 520 MW South African wind, solar projects – Anglo
29th February 2024 By: Martin Creamer

Johannesburg- and London-listed diversified mining and marketing company Anglo American announced on Thursday that jointly owned renewable energy venture with EDF Renewables, Envusa Energy, has completed the project financing for its first three wind and solar projects in South Africa. The terms... 


Fast-growing ENGIE South Africa will consider grid investments under right conditions
2nd February 2024 By: Terence Creamer

Global independent power company ENGIE, which is prioritising the South African electricity market for significant organic and acquisitive growth, is also open to participating in grid investments should government move to open the market to private sector participation. ENGIE South Africa CEO... 


Fast-growing ENGIE South Africa will consider grid investments under right conditions
16th January 2024 By: Terence Creamer

Global independent power company ENGIE, which is prioritising the South African electricity market for significant organic and acquisitive growth, is also open to participating in grid investments should government move to open the market to private sector participation. ENGIE South Africa CEO... 


Renewable Energy Independent Power Producer Procurement Programme – Bid Window 5, South Africa
15th December 2023 By: Sheila Barradas

Two 75 MW solar PV projects bid under Bid Window 5 have officially advanced to commercial close. 


Nedbank, Norfund to lend Pele Green R2.5bn for renewable power plants
14th December 2023 By: Bloomberg

Pele Green Energy has secured R2.5-billion in funding from lenders including Nedbank Group to help it build renewable power plants including one ordered by Anglo American Platinum. The other creditors include Norfund and the Industrial Development Corporation (IDC), development finance... 


Two more solar projects from delayed BW5 set to begin construction in early 2024
6th December 2023 By: Terence Creamer

Two 75-MW apiece solar photovoltaic (PV) projects bid under the much-delayed Bid Window Five (BW5) of South Africa’s public renewables procurement programme have officially advanced to commercial close and will enter construction in early 2024. The projects are Grootspruit, in the Free State, and... 


Three private fund managers back investment firm to buy into Redstone CSP project
20th February 2023 By: Marleny Arnoldi

Private fund managers Mahlako Energy Fund (MEF), Mergence Investment Managers and Third Way Investment Partners have teamed up to fund a fellow investment company, Aventro Investments, to help increase its shareholding and involvement in the Redstone 100 MW concentrated solar power (CSP) project,... 


Windaba panel asks: Jobs first, or energy first?
28th October 2022 By: Irma Venter

Manufacturing is responsible for only one-third of jobs within the wind energy sector, says Siemens Gamesa Renewable Energy Africa area director Marcel Cabral. Speaking at Windaba 2022, held earlier this month, during a panel discussion around localisation in the wind sector, Cabral noted that... 


Jobs first or energy first, asks Windaba panel
13th October 2022 By: Irma Venter

Manufacturing is responsible for only one-third of jobs within the wind energy sector, says Siemens Gamesa Renewable Energy Africa area director Marcel Cabral. Speaking at Windaba 2022 in Cape Town on Thursday on a panel discussion around localisation in the wind sector, Cabral noted that the... 


44 MW solar plant gets refinanced by shareholders
28th July 2022 By: Darren Parker

The Concentrator Photovoltaics Power Plant No.1 (CPV1), a 44 MW concentrated solar photovoltaic plant in the Western Cape, has successfully been refinanced by its shareholders Pele Green Energy (PGE), the Public Investment Corporation (PIC) and Touwsrivier Solar Community Trust, which represents... 


Knowledge Pele partners with Coldplay, Costa Rica to promote sustainability
6th May 2022 By: Tasneem Bulbulia

South African development company Knowledge Pele is working with Costa Rica and rock band Coldplay to further sustainability. Knowledge Pele in 2021 became a Coldplay affiliate. The Knowledge Pele affiliation is targeted at solving the dual challenge of food insecurity (a social sustainability... 


Knowledge Pele partners with Coldplay, Costa Rica to engender sustainability
20th April 2022 By: Tasneem Bulbulia

South African development company Knowledge Pele is working with Costa Rica and rock band Coldplay to further sustainability. Knowledge Pele in 2021 became a Coldplay affiliate. The Knowledge Pele affiliation is targeted at solving the dual challenge of food insecurity (a social sustainability... 


Redstone concentrated solar power plant, South Africa – update
18th February 2022 By: Sheila Barradas

The Redstone project has achieved its first debt drawdown on the biggest renewable-energy investment in South Africa to date. 


Redstone CSP project completes first AfDB drawdown
11th February 2022 By: Schalk Burger

The Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa to date, development finance institution the African Development Bank (AfDB) says. AfDB acted as the mandated lead arranger and coordinating bank,... 


UK Climate Investments, Norfund invest in South African JV to develop renewable assets
17th November 2021 By: Tasneem Bulbulia

Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture (JV) between H1 Holdings and Pele Green Energy to fund a 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s... 


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