HomeNewsBioTherm reaches US $500m financial close for 284MW wind, solar portfolio

BioTherm reaches US $500m financial close for 284MW wind, solar portfolio

The Dubai World Islands Project
The Dubai World Islands Project

BioTherm, Independent power producer (IPP) has announced to have reached a financial close of US $500m for 284-MW wind, solar porfolio in South Africa.

The funds will support the construction of 120MW Golden Valley, the 32 MW Excelsior wind parks as well as the 86 MW Konkoonsies II and 45-MW Aggeneys solar plants which are expected to become fully operational by the end of 2020.

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Procurement and construction

China’s Xinjiang Goldwind Science & Tech Co Ltd (HKG:2208), the contractors awarded the wind firm projects will be responsible for engineering, procurement and construction,(EPC) services while ET solutions AG will be responsible for building the photovoltaic (PV) farms.

The four projects which were awarded under the Round IV of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) will have a 20-year inflation linked power in the closing quarter of 2020.

BioTherm Energy stated that it has more than 2 GW of wind and solar projects in its pipeline and is nearing construction on over 440 MW of them in other countries like South Africa, Ghana, Cote d’Ivoire and Burkina Faso

The 86-MW Konkoonsies II solar park is scheduled for commissioning by the first quarter of 2020, while the largest facility the 120MW Golden Valley wind farm will be put on stream in the closing quarter of 2020


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