The build-out of PV projects planned under South Africa’s flagship renewable energy programme continues with the completion of the 40MW Linde project in the Northern Cape province.
The project is the second utility-scale plant built by Norway’s Scatec Solar. The company’s 75MW Kalbult project was the first to be completed under South Africa’s Renewable Energy Independent Power Producer Procurement programme.
Linde is expected to generate up to 94 million kWh of power annually, electricity that will be fed into national utility Eskom’s grid under a 20-year power purchase agreement.
Scatec Solar chief executive Raymon Carlsen said: “We have built on the experience gained from our Kalkbult project, and have broadened this with our first installation of a solar tracker system, which will increase the output from the plant considerably. Scatec Solar has for more than four years been actively developing project opportunities in South Africa, and we look forward to realise more projects for the benefit of the regions and the local communities in which we operate.”
The project is financed through South Africa’s largest commercial bank, Standard Bank and the consortium providing the equity finance consists of Scatec Solar as the largest majority owner, Standard Bank, Old Mutual Life Assurance Company, Norfund and Simacel.
Scatec Solar said some of the revenue from the plant had been earmarked for socio-economic development projects in the area.
The project was chosen under the second round of the REIPPP, which is now in its third stage.