Lekela reaches financial close for two US $515m wind farms in South Africa

Lekela reaches financial close for two US $515m wind farms in South Africa

Lekela, a renewable power generation company that delivers utility-scale projects across Africa, has successfully reached financial close on two further wind power projects in South Africa at a cost of US $515m.

The two farms that have reached financial close are he 140MW Kangnas Wind Farm, located near Springbok in the Northern Cape and the 110MW Perdekraal East Wind Farm, and located 80km northeast of Ceres, in the Western Cape.

“As the demand for clean, reliable power increases in African countries, bringing renewable energy online quickly becomes more crucial. Reaching financial close on both these projects marks the latest milestone in our journey to harness Africa’s abundant renewable energy on the continent for the lasting benefit of its communities.” Said Chris Antonopoulos, CEO at Lekela.

Also Read;Roggeveld wind farm in South Africa reaches financial close

job opportunity

The projects which are part of the fourth round of the South African government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and support the country’s renewable energy strategy, are set to use Siemens wind turbines of a 108-metre rotor diameter and a 115 MM hub height.

Construction of the farms will commence this month on the wind farms, with the projects expected to be fully operational in under 28 months with the construction contract given to the consortium of Concor and Conco.The project is set to develop more than 400 job opportunity and the number set to increase at the peak of construction on each firm.

Lekela

As part of Lekela’s strategy to create long-term value for the communities in which it operates, extensive social investment programmes in the local areas have begun. The core focus of these programmes is to create sustainable livelihoods for communities by investing in social and economic development.

Presently, the company’s pipeline consists of more than 1,300MW across projects in Egypt, Ghana and South Africa, as well as Senegal’s first utility scale wind farm which is soon to reach financial close.

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