Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTAugust 24 (Renewables Now) - South Africa’s latest tender for 2.6 GW of wind and solar capacity has received a strong response and is expected to be fully subscribed or oversubscribed.
The projection was made by Kiren Maharaj, chairperson of the South Africa National Energy Association, for IHS Markit’s Net-Zero Business Daily. It follows the publication of data by the Department of Mineral Resources and Energy (DMRE) revealing that the competition has attracted 102 bids.
The request for proposals (RfP) was issued in March under Bid Window 5 of South Africa’s Renewable Energy Independent Power Producer Procurement (REIPPP) programme and seeks to award 1 GW of solar PV and 1.6 GW of wind power projects. The deadline for submitting applications was August 16.
According to the government’s data, 63 of the received proposals concern solar photovoltaic (PV) plants and 39 are for onshore wind parks. The combined capacity of the bids was not announced.
The names of the winners will be known in October or November. The selected developers will be required to reach financial close on their projects in February or March 2022, with commercial operations set to be launched 24 months later.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST