Globoleq consortium has been awarded preferred bidder status in South Africa’s Renewable Energy Independent Power Producer Procurement Programme’s Bid Window (BW) 5 for the construction of 12 new wind and solar projects with a total capacity of 1.27 GW.
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According to wind and solar power multinational Mainstream Renewable Power, the 12 projects will generate enough clean energy to power a third of the City of Cape Town’s annual electricity demand and represent half of the total allocation in the BW, which was the most competitive to date and was almost four-times oversubscribed.
Globoleq Consortium’s Partners
Six onshore wind projects and six solar photovoltaic projects will be delivered by the globoleq consortium, including the first REIPPPP project in KwaZulu-Natal. The consortium includes independent power producers Globeleq, Africa Rainbow Energy & Power, and H1 Holdings, and local community trusts and is led by Mainstream’s team of more than 100 African professionals.
25 projects under BW 5 of the REIPPPP
According to the Department of Mineral Resources and Energy, the 25 projects under BW 5 of the REIPPPP would inject roughly R50 billion into the economy through private sector investment and create over 13 000 jobs.
Once fully operational, the projects will generate around 4 500 GWh/y of green power, helping to prevent over five million tonnes of carbon dioxide emissions each year. They will offer crucial, low-cost, indigenous electricity to South Africa and aid in a fair transition to its clean energy and climate goals.
Three wind projects in the Northern Cape, two wind projects in the Western Cape, and the first wind project in KwaZulu-Natal were granted. The solar projects are all in the Free State province, which has yet to develop any renewable energy projects as part of the REIPPPP.
Mainstream will also expand the size of its South African workforce due to the grant. According to the business, it will aggressively recruit another 100 South Africans to assist with the designing and construction of the 12 projects.
