Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTEswatini pursues more renewables to reduce power imports
Solar system installation. Source: Ministry of Natural Resources and Energy - Eswatini
May 25 (Renewables Now) - The Kingdom of Eswatini is taking further steps to deploy renewable energy plants and thus become less dependent on neighbouring Mozambique and South Africa for electricity.
The ministry of natural resources and energy confirmed that the Eswatini Energy Regulatory Authority (ESERA) has recently issued an intention to award three 15-MW solar projects to a consortium of Globeleq and Sturdee Energy Southern Africa, as well as ACED. Globeleq previously unveiled that alongside its partner it has won a total of 30 MW of capacity.
Meanwhile, the 10-MW Lavumisa solar plant is getting closer to completion. Once commissioned, it will be the first utility-scale photovoltaic (PV) park in the country. The total cost of that project amounts to SZL 255 million (USD 18.4m/EUR 15m).
There are also three other projects underway that will add 40 MW of solar and 40 MW of biomass power generating capacity, according to the announcement from the ministry.
(SZL 10 = USD 0.722/EUR 0.560)
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