Deal #10502

South Africa
Created at
2024-08-05
Last update
2024-08-06

Land area

Intended size
3 453 ha
Size under contract (leased or purchased area)
  • [2012, current] 3453 ha
Size in operation (production)
  • [2017, current] 3453 ha

Intention of investment

Intention of investment
  • [2012, current] Wind farm (3453 ha)
Comment on intention of investment
The objective of the project is to generate electricity to feed into the national grid by installing wind farm facilities.

Carbon offset project

Carbon offset project
Yes

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The farm owner has signed a lease agreement with Mainstream Renewable Power. The land lease for the Loeriesfontein Wind Farm project has a duration that coincides with the project's lifespan, estimated at 20 years. This period includes both the construction and operation phases of the wind farm. The lease agreements were negotiated with the landowners, ensuring the availability of the necessary areas for the installation and operation of the wind turbines.

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2017, current] In operation (production)