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,... 

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... 

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... 

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... 

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... 

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... 

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

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,... 

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... 

JSE-listed platinum-group metals (PGMs) miner Anglo American Platinum (Amplats) has selected the Pele Green Energy – EDF Renewables South Africa consortium as the preferred supplier to build a 100 MW solar photovoltaic (PV) plant at its Mogalakwena mine, in Limpopo. Pele Green Energy develops,... 

JSE-listed platinum-group metals (PGMs) miner Anglo American Platinum (Amplats) has selected the Pele Green Energy – EDF Renewables South Africa consortium as the preferred supplier to build a 100 MW solar photovoltaic (PV) plant at its Mogalakwena mine, in Limpopo. Pele Green Energy develops,... 

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... 

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... 

Construction has started after financial close was achieved on the R11.6-billion project. 

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... 

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... 

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. 

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... 

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... 

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...