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Search Results for "pele green energy"

Knowledge Pele partners with Coldplay, Costa Rica to promote sustainability

By: Tasneem Bulbulia     6th May 2022 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

By: Tasneem Bulbulia     20th April 2022 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

By: Sheila Barradas     18th February 2022 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

By: Schalk Burger     11th February 2022 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

By: Tasneem Bulbulia     17th November 2021 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... →

Consortium to build 100 MW solar PV plant at Amplats mine

By: Schalk Burger     22nd October 2021 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,... →

Pele Green-EDF SA consortium to build 100 MW solar PV plant at Mogalakwena

By: Schalk Burger     6th October 2021 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,... →

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... →

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