Mainstream 360MW wind wins in SA




Recharge

Ireland’s Mainstream Renewable Power (MRP) emerged as a big winner in the latest tender round of South Africa’s renewable energy programme after revealing it has secured 360MW of wind capacity.

MRP has been successful with three wind farms, according to a statement from the developer, which led a consortium bidding in the third round.

They are: The 140MW Khobab Wind Farm, the 140MW Loeriesfontein 2 project and the 80MW Noupoort development, all in the Northern Cape.

MRP said the three wind farms add up to a total investment of about 9bn rand ($912m), are expected to reach financial close next year and start construction “shortly thereafter”.

The success leaves MRP with not far short of half the 787MW of wind capacity handed letters of appointment by the South African government.

That total may increase after the department of energy said it is considering adding more projects from the pool of original contenders.

CEO of the Irish group Eddie O’Connor said: “I understand the quality was very high. There were 93 bids submitted, only 17 were successful today and we won three of those. 

“Mainstream is now the leading developer of renewable energy in South Africa; we have three wind and solar projects due to be operational in the coming months and now a further three large-scale wind farms due to start construction next year.”

The consortium also includes Thebe Investment Corporation, the IDEAS Managed Fund and Genesis Eco-Energy.

Full article here