Independent power producer BioTherm Energy won preferred bidder for four wind and solar projects totalling 284MW in the fourth round of South Africa’s renewable energy IPP procurement program.
The company, which is backed by energy and commodities private equity firm Denham Capital, said it plans to continue participating in the REIPPP program.
It has also bid several projects into an ‘expedited bid window’ that has been set up for projects unsuccessful in the first four rounds.
BioTherm currently operates 49MW of wind and solar projects in South Africa.
BioTherm Energy chief executive officer Jasandra Nyker said: “Having already brought our Round I wind and solar assets online, BioTherm Energy will continue to set itself apart as a leading local player.
“We are looking to start construction of the Round Four assets as soon as financial close is achieved. In addition, BioTherm is waiting to hear on the expedited window.”
Image: sxc6
