One of the last and largest PV power plant projects to announce module supplier details under the South Africa Renewable Energy Independent Power Producer Procurement Program (REIPPPP) Phase 2 bidding has gone to Yingli Green Energy.
Yingli Green will supply 96MW or 325,000 of its ‘YL295P-35b’ multicrystalline modules to the Jasper PV project, located in South Africa's Northern Cape.
The consortium formed by Iberdrola Ingenieria y Construccion and South African company Group Five has been selected by Jasper Power Company to build the Jasper PV Plant in South Africa.
Equity funding came from SolarReserve, a US developer of utility-scale solar power projects and the Kensani Group, described as an empowerment investment player in South Africa as well as Intikon Energy, a South African developer of renewable energy projects. The project also marks Google's first renewable energy investment in Africa.
Rand Merchant Bank (a division of FirstRand Bank Limited) acted as Mandated Lead Arranger and Bookrunner for the Jasper Project's debt funding requirements.
The Jasper project is located adjacent to the 75MW Lesedi Solar Energy Project, which broke ground in February 2013. The Jasper and Lesedi Projects, along with the Letsatsi Project located near Bloemfontein, make-up a total portfolio of 244MW, accounting for a 20% share of South Africa's solar energy market.
The majority of REIPPPP PV power plants are being supplied modules from China-based manufacturers that include Hanwha SolarOne, BYD, Trina Solar and ReneSola.