Revego invests in 360-MW S African wind portfolio

Noupoort Wind Farm, South Africa. Source: Mainstream Renewable Power. License: All Rights Reserved

August 13 (Renewables Now) - South African renewables yieldco Revego Africa Energy Ltd has acquired stakes in three wind farms in the Northern Cape province with a combined capacity of 360 MW.

The transaction includes the Loeriesfontein 2 and Khobab wind farms, each of 140 MW, and the 80-MW Noupoort facility, all of which were built as part of Bid Window 3 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP), led by Mainstream Renewables SA as a sponsor. The plants have 20-year power purchase agreements (PPAs) with local utility Eskom, backed by the Government Support Framework Agreement (GSFA).

Revego said in a statement it has acquired the wind farms from private equity fund manager Metier and Lereko. It gave no further details about the terms of the deal.

The yieldo’s portfolio also includes the 94-MW Aurora Wind Power plant in the Western Cape, as well as the 100-MW Kathu and 50-MW Bokpoort concentrated solar power (CSP) plants in the Northern Cape.

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