Consortium’s 150MW projects awarded preferred bidder status by South African government

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

The South Africa Department of Energy (DOE) has awarded a joint venture between SolarReserve, a US developer of utility-scale solar power projects, the Kensani Group, an empowered infrastructure player in the Southern African market and Intikon Energy, a South African developer of renewable energy projects, preferred bidder status. Installing two 75MW plants, the consortium’s new status will give them the right to proceed with executing a 20-year government-supported power purchase agreement with the South African power utility company, Eskom.

South Africa's Energy Minister Dipuo Peters announced the preferred bidders under the Renewable Energy IPP Procurement Programme at the Conference of the Parties at the United Nations Framework Convention on Climate Change held in Durban, South Africa. The selection under the competitive bidding process was based on meeting strict project qualifications, economic development criteria and competitive electricity prices. The first round consists of awards of 1,400MW of renewable energy projects including 632MW of PV projects, with the SolarReserve/Kensani/Intikon consortium capturing two of the largest projects.

The projects were among an initial batch of 53 bids submitted for the November 4 bid window and represent a potential capacity of 1,415.52MW with a potential investment representing billions of rand.

Kensani Capital Advisory is the financial advisor with Rand Merchant Bank, a division of FirstRand Bank Limited, appointed as the lead arranger and underwriter to the projects. “The projects will require an investment of approximately ZAR5.0 billion, or more than US$600 million, over the next two years,” said Wandile Motlana, chairman of the Kensani Group. “Once constructed, the projects will be among the largest solar projects on the African continent; while providing substantial long-term community uplift through rural development programs, skills and technology transfer and education enhancement.”

The solar projects will be built in the Free State and Northern Cape provinces of South Africa, with construction scheduled to commence by June 2012.

Stephen Donnelly, managing director of Intikon Energy said, “The Letsatsi and Lesedi PV projects will generate clean, renewable energy to power over 50,000 homes in South Africa while also delivering meaningful and sustainable economic and social benefits.”

“This award of preferred bidder status from the South Africa DOE for the Letsatsi and Lesedi projects is a substantial milestone for SolarReserve as we continue expanding our diversified portfolio of photovoltaic and concentrated solar power projects globally,” said Kevin Smith, CEO of SolarReserve. “We appreciate the support of the South African government and look forward to working with our joint venture partners and the communities where the projects are located to contribute to the country's renewable energy generation and economic development goals.” 

SolarReserve, Intikon and Kensani are cooperating further to develop CSP projects in South Africa utilizing SolarReserve's advanced molten salt power tower technology with fully integrated energy storage which provides reliable, zero-emission electricity on-demand, day or night.

The preferred bidders included 18 solar PV projects, eight onshore wind projects and two CSP projects.

The PV projects named, range in size from 5MW to 75MW, include: the SlimSun Swartland solar park (5MW), the RustMo1 solar farm (6.76MW), Mulilo Renewable Energy Solar PV De Aar (9.65MW), Konkoonsies Solar(9.65MW), Aries Solar (9.65MW), the Greefspan PV power plant (10MW), the Herbert PV power plant (19.9MW), the Mulilo Renewable Energy solar PV Prieska (19.93MW), the Soutpan solar park (28MW), the Witkop solar park (30MW), the Touwsrivier project (36MW), De Aar Solar PV (48.25MW), the South Africa Mainstream Renewable Power Droogfontein project (48.25MW), the Kalkbult project (72.5MW), the Kathu solar energy facility (75MW) and Solar Capital De Aar (75MW).

19 July 2022
As New South Wales is gearing up to become a renewable energy superpower, an exciting clean energy event is coming to Sydney. Energy Next is a free-to-attend industry event focusing on the latest renewable energy and energy management technologies, which will be held from 19-20 July 2022 at the ICC Sydney in Darling Harbour. Organised by the same people behind the country’s largest clean energy event, All-Energy Australia, Energy Next will bring a quality exhibition and technical session series to NSW. Energy Next will also host the Clean Energy Council’s Solar Masterclass with a program developed for solar designers and installers. Across two days, Energy Next will provide an extensive exhibition, workshops and networking opportunities for those working in the renewable energy industry to meet with leading suppliers, discover the latest technologies and gain an understanding of how to successfully launch new clean energy projects.
21 July 2022
The rooftop solar PV market is set for significant growth, but installers are being held back by complicated design software that is slow, cumbersome and fails to take into account rooftop shading, module compatibility and energy storage. Huawei’s SmartDesign 2.0 is a web-based PV and energy storage system tool that promises to solve all of those issues, and much more. This webinar will provide a live demonstration of the SmartDeisgn 2.0 tool, showing how installers can quickly complete Huawei PV & ESS system designs and assemble a professional report with 3D site view for potential customers, streamlining the design and sales service.
23 August 2022
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil, on August 23–25, 2022, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry. In 2021 – despite the Covid-19 pandemic – Intersolar South America welcomed more than 28,000 visitors and over 1,000 conference attendees over 3 days. 200+ providers showcased their products. Combining local and international expertise, Intersolar South America brings together the PV and solar thermal sector to discuss the current status and strategic trends for Latin American PV markets, as well as technology innovations and new business opportunities. Overall, distributed generation is still driving momentum in the Brazilian market.
6 September 2022
Intersolar Mexico sits at the cross-section of photovoltaics, solar heating & cooling technologies, and energy storage. The event serves as the industry’s go-to source for invaluable technology trends and premier B2B contacts in the promising Mexican solar market. From September 6–8, 2022 Intersolar Mexico together with the co-located The GREEN Expo® and Aquatech Mexico will take place in Centro Citibanamex, Mexico City.
19 September 2022
RE+ 2022 is the umbrella event that includes SPI, ESI, RE+ Power, and RE+ Infrastructure. As North America's largest renewable energy event, it's a catalyst for industry innovation that's supercharging business growth in the clean energy economy.
20 September 2022
From source to generation, from grid to consumer, the boundaries of the sector are blurring and this evolution is being shaped by established players, external disruptors, innovative start-ups and the increasingly engaged end-user. Enlit Asia is the unifying brand for POWERGEN Asia and Asian Utility Week, showcases expert knowledge, innovative solutions and foresight from industry leaders, coherent with Asian strategy to achieve a smooth transition towards a low carbon energy supply. This year, Enlit Asia will be co-located with Sustainable Energy Technology Asia (SETA) & Solar & Storage Asia (SSA).

Read Next

July 1, 2022
Hanwha Qcells’ power plant division Q ENERGY Europe has teamed up with newly rebranded Q ENERGY France to establish umbrella company Q ENERGY Solutions SE as it seeks to deepen its ties to the European market where it has a 12GW development portfolio.
July 1, 2022
The US Supreme Court has restricted the federal government’s authority to regulate greenhouse gas emissions from power plants in a ruling that critics have warned will hit renewables deployment and hobble the Biden administration’s climate agenda.
July 1, 2022
Off-grid pay-as-you-go solar provider Bboxx has partnered with telecommunications company Orange to launch a new solar mini-grid project to help accelerate clean energy access for households across the Democratic Republic of Congo (DRC).
PV Tech Premium
July 1, 2022
PV Tech Premium spoke with Cypress Creek Renewable Energy and AES Clean Energy to discuss the newly formed US Solar Buyer Consortium, its objectives, market challenges and the potential advantages it holds for US manufacturing and project development.
July 1, 2022
Energy management software company Cleartrace has secured US$20 million in a financing round to accelerate the growth of its platform.
June 30, 2022
Investor CleanCapital has acquired renewable energy developer BQ Energy, adding 300MW of late-stage solar development to its pipeline.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event