Globeleq, the majority partner in the Ikamva Consortium, has reached legal close on six solar projects, totalling 450MW, under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Achieving legal close means that power purchase agreements with Eskom, and implementation agreements with the Department of Mineral Resources and Energy (DMRE), have now been signed and the consortium will continue to move the projects to commercial close.
Construction is expected to commence during 2023, with the solar projects expected to produce energy in 2025.
The consortium, led by Globeleq and Mainstream Renewable Power, was awarded Preferred Bidder status by DMRE in October 2021.
The six 75MW solar projects are all located in the Free State Province and will be the largest renewable energy development in the province to date.
Mike Scholey, CEO of Globeleq, said: “Africa’s solar potential is enormous, and we commend the Government of South Africa for continuing to push the renewable agenda to provide clean and stable electricity to the grid and support the country’s decarbonisation and renewable energy targets.”