REGIONAL ROUND-UP
AFRICA APAC EUROPE MIDDLE EAST NORTH AMERICA
GLOBELEQ CONSORTIUM TO BUILD SIGNIFICANT RENEWABLE PROJECTS IN SOUTH AFRICA
Globeleq , one of Africa ' s leading independent power companies and a majority partner in the Ikamva Consortium , has been selected to contribute more clean and renewable wind and solar projects across the country .
The six wind and six solar PV projects will total 1,274 MW of generation capacity , adding to Globeleq ' s nine majority-owned and operated wind and solar assets in Africa , which have a total capacity of 450 MW . Globeleq and its partners in the Ikamva Consortium were named by South Africa ' s Department of Minerals , Resources and Energy ( DMRE ) as preferred bidder for 12 of the 25 projects chosen in South Africa ' s Renewable Energy Independent Power Producer Procurement Programme ( REIPPPP ) 5th bidding round .
Alongside Globeleq , the Ikamva Consortium includes Mainstream Renewable Power ,
Africa Rainbow Energy and Power ( AREP ) and H1 Holdings and comprises more than 45 % of black ownership . The DMRE indicated that all 25 projects will inject a total of around R50 billion into the economy through private sector investment and will create more than 13,000 job opportunities .
Mike Scholey , CEO , Globeleq , said : " We are thrilled to hear the news . Our strong track record in delivering and operating quality power projects , combined with all our Consortium partners expertise , sees us playing a significant role in the country ' s path to a cleaner energy future ."
Jonathan Hoffman , Chief Development Officer at Globeleq , added : " The Consortium has assembled world-class local and international partners to achieve a competitive position for these projects . Our Consortium has focused on delivering a competitive tariff and significant shareholding and participation by BEE groups . Through Globeleq ' s operational wind and solar projects and these new projects in South Africa , we continue to support the government ' s sustainable energy future and create shared value for all stakeholders ."
The projects awarded include three wind projects in the Northern Cape ; two wind projects in the Western Cape and the first wind project in the KwaZulu-Natal province . The solar projects are all located in the Free State province , which has not yet seen any renewable projects constructed as part of the REIPPP Programme .
Globeleq is proud of its track record of building strong in-country teams as well as supporting the communities near our plants by implementing innovative socio-economic , enterprise and skills development initiatives . x www . intelligentcxo . com
55