The Prospector News

Mainstream Renewable Power Awarded 250MW of Wind Energy Projects in South Africa Government Tender

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mainstream Renewable Power Awarded 250MW of Wind Energy Projects in South Africa Government Tender

 

 

 

 

 

A consortium led by global wind and solar company Mainstream Renewable Power was today awarded Preferred Bidder status by the Department of Energy in South Africa for two large-scale wind energy projects with a total generation capacity of 250 megawatts. The award was made under the fourth round of the South African Government’s Renewable Energy Procurement Programme and the two wind farms represent an investment of approximately USD469 million. The date for financial close has not yet been released by the Department of Energy.

 

 

Mainstream has been awarded a total of 848 megawatts of wind and solar projects under this programme since the first award in 2011, which is more than any other developer. In addition to the projects awarded today Mainstream is currently constructing three wind farms in South Africa’s Northern Cape, totalling 360MW which it was awarded under Round 3 of the programme. Last year the company delivered three wind and solar facilities into commercial operation in South Africa under the first round of the programme.

 

 

Commenting on the announcement Mainstream’s Barry Lynch, Managing Director Onshore Procurement, Construction and Operations said: “Mainstream is delighted that the South African Government has, once again, placed its trust in us to deliver more large-scale renewable power plant into commercial operation. Here in South Africa we have already demonstrated this capability by delivering three world-class wind and solar farms into commercial operation safely, on time and on budget last year, and we currently have a further three wind farms under construction in the Northern Cape.”

 

 

He continued: “Renewable energy ticks three important boxes for South Africa’s energy needs. Firstly, the cost of these projects is now cheaper than new coal-fired generation. Secondly, they can be brought into commercial operation at the speed required and thirdly, they meet the scale needed to address the country’s growing electricity demand. Mainstream is once again delighted to be able to play a leading role South Africa’s burgeoning renewable energy sector.”

 

 

The projects awarded under this round are:

 

  • 140MW Kangnas Wind Farm located in the Nama Khoi Municipality in the Northern Cape.
  • 110MW Perdekraal East Wind Farm located in the Cape Winelands District and Witzenberg Local Municipalities of the Western Cape.

 

 

About Mainstream Renewable Power

 

 

Mainstream Renewable Power is one of the world’s leading independent developers of renewable energy projects. With a development pipeline of over 17,000 megawatts globally it is currently operating and constructing solar and wind farms across Ireland, South Africa, Chile and Canada.

 

 

As Europe’s leading independent offshore wind developer Mainstream was recently granted consent to build and operate two multi-billion pound offshore wind farms in the UK.

 

 

The company has offices in Berlin, Cape Town, Chicago, Dublin, Glasgow, Johannesburg, London and Santiago.

 

Posted June 10, 2015

Share this news article

MORE or "UNCATEGORIZED"


Uranium Royalty Corp. Closes $30 million Initial Public Offering and Announces Listing on the TSX Venture Exchange

Uranium Royalty Corp. (TSX-V: URC) is pleased to announce that it... READ MORE

December 6, 2019

Denison Completes CAD$4.7 Million Bought Deal Private Placement of Flow-Through Shares

Denison Mines Corp. (DML: TSX) (DNN: NYSE American) is plea... READ MORE

December 6, 2019

Scorpio Gold Reports Results of Drilling at the Keystone-Jumbo Area, Goldwedge Property, Nevada

Scorpio Gold Corporation (TSX-V:SGN) announces results of its fir... READ MORE

December 6, 2019

Nevada Exploration Closes Oversubscribed Financing

Nevada Exploration Inc. (TSX-V: NGE) (OTCQB: NVDEF) is pleased to... READ MORE

December 6, 2019

Ascot Exploration Drilling Intersects 17.29 g/t Gold Over 3.58 Metres in New Area West of Premier Portal

Ascot Resources Ltd (TSX: AOT) (OTCQX: AOTVF) is pleased to annou... READ MORE

December 6, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions