The fifth bidding round of South Africa’s Renewable Energy Independent Power Producers Procurement Programme has signed power purchase agreements with 13 solar PV projects.
African power sector company Globeleq has reached financial close on the 40MW Malindi Solar PV project in Malindi, Kenya and is commencing construction of the plant.
Africa-focused independent power producer Globeleq is to acquire Brookfield Asset Management’s interests in a South African renewable energy portfolio, involving six projects with a cumulative capacity of 178MW.
UK development finance institution CDC and its Africa-focused independent power producer Globeleq are providing US$66 million in debt financing for Malindi Solar Group to build a 52MW solar PV plant in Southeast Kenya.
