Financial close reached on £450 million worth of wind farm developments in South Africa


Financial closure of over £450 million worth of wind farm developments were announced Friday as part of the government drive to diversify South Africa’s Renewable Energy Mix. The projects, based in the Northern Cape consist of 280 MW in Khobab and Loeriesfontein 2 with an additional 80MW situated at Noupoort in Umsobomvu.

The road to financial close was led by various stakeholders, including Mainstream Renewable Power, Genesis Eco-Energy, Thebe Investment Corporation and several other members. Davin Chown; director of Genesis Eco-Energy said about the news;

“ This is another solid marker in the ground for us as one of the leading wind energy consortia in the country as we help the South African Government deliver on its climate change commitments and deliver energy security as the country transitions to a low carbon future

The other big winners were Siemens who will be exclusively supplying the turbine technology to the developments.

South Africa has witnessed an energy revolution, predicated by the bold target established by Government to supply 3,725 MW of renewable energy to homes and businesses by 2017. The developments in the Northern Cape will contribute significantly towards this goal.

This year at Wind Energy Cape Town you will be able to meet all of the key players involved in this project including Siemens, Genesis Eco-Energy and Mainstream Renewable Power who will be attending, sitting and moderating various panel discussions, giving you access to the most relevant and influential decision makers in the booming Sub-Saharan wind energy industry .

For more information about the event please visit; http://www.windenergyupdate.com/south-africa/index.php

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